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Tag Archive | "structural insurance"

What type of building insurance quotes should you be looking at?

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Building insurance is a type of insurance covers you for damage to the buildings usually the things that can’t be removed, such as the structure. The damage may have been caused by accidents or by weather conditions such as high Winds or floods.

The structural insurance does not cover the contents and broadly speaking the contents are defined as something that may be removed without causing a problem to the outside structure. Contents are normally furniture, bedding linen, upholstery and electrical equipment.

In general these two types of insurance quotes are separate, some companies provide a discount if householders want to take out a joint building and contents insurance policy. Some aspects of building insurance are gray areas. Keys for instance can be removed safely without damaging the structure of the building, but they are essential for doors which will are parts of the building structure.

Many people assume that content insurance should be higher than building insurance because contents insurance to cover things like furniture, electrical appliances including microwaves, garden furniture, electrical equipment, computers printers etc. It is true in some cases that the contents can be worth more than structure but in general the building cost far more to repair than to replace the contents.

Building insurance does not cover all contingencies, terrorism, war and nuclear damage normally excluded but floods, fires, earthquakes, falling trees, subsidence, storms and vandalism are normally covered. If you live in an area that has high risks of certain natural disasters building insurance is essential. Building insurance also covers the outhouses to your property and any sheds.

Some insurance providers will provide a smaller rate for building insurance if there is an excess, this means you agree to not claim for the first part of the damage in excess on your building insurance is $250 then you must pay for the first $250 with the damage in the event the kind. If you choose to ensure your building for all damage than your building insurance premiums will be higher.