cover for the basic fabric and structure of your home, rather than the contents. This should cover you against things like fire and flood and subsidence. You must have organised buildings insurance on your new home by the time you exchange contracts. There may be restrictions on where you can buy this cover if you have a leasehold property.
A policy that covers the cost of repairing a house or other building, if it is damaged by certain events. back
Insurance cover which protects the holder against damage to the property itself (although it can be linked with contents insurance ina combined policy). The amount insured may vary from the purchase price/valuation of the property depending on the type of location of the property. The valuer will usually provide a rebuild cost for insurance purposes.
An insurance policy to protect a building and is designed to pay for any costs that occur through damage or destruction to a building. Most mortgage lenders will insist that buildings insurance is in place by exchange of contracts it will be a condition of the mortgage that it is in place.
This is a policy covering the structure of a building against a number of different risks including fire flood damage etc.
(Buildings Insurance) Insurance for any buildings you own or rent. Covers such things like severe weather, theft and damage, fire, subsidence, water damage and impacts from vehicles and falling trees etc. Your cover may exclude a giant badger attack.
An insurance you take out when you buy a property that will cover the cost of rebuilding the house if it is damaged or burns down etc.
Private insurance that covers many types of damage to structures.
All lenders require a property to be insured. It should be insured for the full rebuilding cost including professional fees and such insurance cover is normally a condition of the mortgage. N.B. The full rebuilding cost will normally differ from the mortgage valuation of the property.
insurance covering the structure of the building which you must have. Where the property is leasehold the buildings insurance will normally be arranged by the freeholder and the cost charged on to the leaseholder within the service charges payable. As a general rule of thumb, any item which cannot be taken away by the owner is covered by the buildings insurance, anything which can be removed should be covered by the contents insurance. This is only a guideline and any doubts should be raised with insurers, as this definition can prove problematic in some instances, such as fitted carpets.
Cover for the bricks and mortar of your home CML: The Council of Mortgage Lenders, which represents 98% of UK residential lenders and promotes good lending practices
Insures against structural damage of the property. A lender will insist this is taken out to protect the property, which acts as collateral on the loan.
Covers the house you are buying against damage - take it out from the day you exchange contracts. Back to the top
Insurance cover to pay for the costs of rebuilding or making structural repairs to your property. Cost often calculated and included in monthly mortgage repayment. This cover is insisted upon by mortgage lenders.
Ground rent Rebuilding cost
a policy covering the structure of a house or other construction against damage and other risks. See More
Insurance against the cost of rebuilding a property from scratch following structural damage, for example by flood, fire or storm.
This covers the cost of rebuilding or repairing the structure of the property. Lenders insist you have enough buildings insurance before they give you a mortgage. With leasehold properties, it is the freeholder's responsibility to arrange buildings insurance, although the freeholder will usually pass on the charges to the leaseholder. (top)
An insurance policy which covers the cost of rebuilding or repairing the structure of the property.
Insurance to cover the structure of the building. It is a condition of all mortgages that the building is insured. Where the property is leasehold the insurance will normally be arranged by the freeholder and the cost charged as part of the service charges that are applied to the leaseholder. Capped This is a form of variable rate where the rate is capped at a specified level over a specified term i.e. it is guaranteed not to exceed the capped rate during the period. The rate may fall during the period, and at the end of the term will revert to the lenders standard variable rate applying at that time.
The insurance of your house against damage or loss as a result of fire, flood and other accidental damage. This does not include the loss or damage caused to your possessions, for which you will need Contents Insurance.
When you buy the mortgage company will insist that you take out buildings insurance to cover the cost of rebuilding the house if it burns down etc. Lenders often offer their own policies but, remember, it may be cheaper to buy elsewhere.
A policy designed to insure the building rather than its contents.
This type of insurance covers the structure of a building (and usually any part of the building which canâ€(tm)t be taken away by the owner, eg: kitchen units, bathroom suites, etc), and is designed to pay the cost of repair or rebuilding if your property is damaged or destroyed. Most mortgage lenders will require you to take out buildings insurance as a condition of their loan, and have their interest noted on the policy. For leasehold properties, the buildings insurance is normally arranged by the freeholder, with the cost being passed on to the leaseholder within the annual service charges for the property.
An essential insurance policy which covers the structure of the building. Where the property is leasehold the buildings insurance will normally be arranged by the freeholder and the cost charged on to the leaseholder within the service charges payable. See uninsurable, contents insurance.
A policy which pays the cost of re-building or repairing your house if it is damaged or destroyed.
Insurance which covers the policyholder against certain building losses or damages which may occur. The insurers will usually specify a maximum claim limit (the sum insured) which is the full rebuildi (More)
An insurance policy to cover your home in the event of fire. (A letter of indemnity will be required by your lender to confirm this is in place In order to clear their loan before payment of any claim)
Buildings insurance is designed to give you financial protection for the basic structure of your home, such as the walls, roof and foundations. This usually includes any external parts of the property such as your garage, conservatory or greenhouse.
cover taken out to cover costs of rebuilding or making structural repairs to your property.
This type of insurance covers the cost of repairing (or rebuilding) the structure of your property following such events as fire, explosion etc. The policy generally covers some of the "permanent" fixtures of your home such as washbasins, toilets etc. All insurance and financial lenders will insist that you have adequate Buildings Insurance in place.
This covers the actual building i.e. your home, against damage by fire, storm, subsidence and so on. The amount of cover should be sufficient to completely rebuild the property. This rebuilding cost is given on a mortgage valuation report.
Insurance which covers the policyholder against certain building losses or damages which may occur. The insurer normally states a maximum insured value for the cost of rebuilding the property, and it is up to the policyholder to ensure that this is sufficient coverage. Tenant Loan Websites Tennant Loans and Finance Glossary Debt Management Companies for UK Tenants Tenant Loan Sitemap Perhaps one of our partner sites is more relevant to your query
Needed from exchange of contract to cover your house.
A compulsory form of insurance intended to provide cover for the physical structure of your property.
Cover for the bricks and mortar of your home See our Home Insurance section for offers on buildings insurance for George Wimpey new homes
Insurance you can take out when you buy a property that will cover the cost of any damage to the house and or contents.
When you take a mortgage with us, we require that you have insurance cover for the property mortgaged. The insurance provided will cover the fabric of the building including certain fixtures and fittings.
An insurance taken out by the owner or by the Building Society when a mortgage is granted on a property. The owner or the Building Society will pay the premium annually, in which case it is charged to the borrower. This insurance covers the building only, not the contents, and is calculated in accordance with rebuilding costs. It bears no relationship to the value of the property.
You should cover your property for the sum recommended by your surveyor/valuer. Cover usually to commence on exchange of contracts.
An insurance policy that covers damage to the structure of a house or other buildings.