The building you live in is protected by home buildings insurance, also called home owner cover. It protects your finances from large repair bills and other expenses you can’t predict, and can even pay for your home to be completely re-built.
What’s covered?
If your home is damaged by an everyday risk, your home owners insurance pays compensation to get your house, apartment or other kind of home repaired or rebuilt. Depending on the type of policy you buy for your home buildings, you will be covered for loss or damage because of:
- Fire, smoke, explosion, lightning, storm, flood and earthquake
- Subsidence, heave and landslip
- Malicious acts and vandalism
- Theft and attempted theft
- The escape of water and leaking oil
- Falling trees
- Accidental damage to underground pipes and cables
- Accidental breakage of fixed glass and sanitary ware
- The cost of tracing leaks of water or oil inside the home
- Legal liability for injury or damage to others and their property
- Accommodation costs if you have to temporarily move out