Buildings insurance, cheap or full cover?

sevenhills · 14 July 2017 at 12:50PM

I have never been one for insurance, you pay your money every month/year and overall, they give you it back in the form of a claim.
Now I am buying a house, I must get buildings insurance.
So do I just go with the cheapest quote, as I am not expecting a flood or earth quake.
But what is actually covered?
There is an option to pay a little more and be covered for accidents. What type of accident is likely to happen?

ACG · 14 July 2017 at 2:38PM

Car drives through house - http://www.walesonline.co.uk/news/wales-news/devastating-damage-caused-house-after-12837026
Gas explosion - https://www.theguardian.com/uk-news/2017/mar/26/residents-complained-of-gas-smell-before-wirral-explosion
House fire - https://www.theguardian.com/uk-news/2017/jul/08/woman-and-three-children-killed-in-bolton-house-fire
Subsidence, water leaks, storm damage, wasnt there a light aircraft that flew in to a house recently?

I have a client of mine who made a claim last year, a sewers became blocked after a trees roots got into it. Then there was a downpoor and the sewer could not cope and resulted in the house being flooded...not a flood risk area, just unlucky.

Weighty1 · 14 July 2017 at 4:03PM

A foot through a ceiling when in the loft?
A nail hammered through a pipe?
An uninsured driver stoves their car into your house?

There's a few examples

sevenhills · 15 July 2017 at 3:54PM

I ending up with basic buildings insurance with LV, not the cheapest, but not far off at £73
This includes a lodger

csgohan4 · 16 July 2017 at 8:25AM

you get what you pay for, ensure the T+C are acceptable to you

paddyandstumpy · 16 July 2017 at 10:26AM

LV's one of the better policies, I'm surprised at that price!

Buildings insurance, cheap or full cover?

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