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  • FIRST POST
    • sevenhills
    • By sevenhills 14th Jul 17, 12:50 PM
    • 491Posts
    • 188Thanks
    sevenhills
    Buildings insurance, cheap or full cover?
    • #1
    • 14th Jul 17, 12:50 PM
    Buildings insurance, cheap or full cover? 14th Jul 17 at 12:50 PM
    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?
Page 1
    • ACG
    • By ACG 14th Jul 17, 2:38 PM
    • 15,400 Posts
    • 7,786 Thanks
    ACG
    • #2
    • 14th Jul 17, 2:38 PM
    • #2
    • 14th Jul 17, 2:38 PM
    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.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • Weighty1
    • By Weighty1 14th Jul 17, 4:03 PM
    • 190 Posts
    • 68 Thanks
    Weighty1
    • #3
    • 14th Jul 17, 4:03 PM
    • #3
    • 14th Jul 17, 4:03 PM
    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
    • By sevenhills 15th Jul 17, 3:54 PM
    • 491 Posts
    • 188 Thanks
    sevenhills
    • #4
    • 15th Jul 17, 3:54 PM
    • #4
    • 15th Jul 17, 3:54 PM
    I ending up with basic buildings insurance with LV, not the cheapest, but not far off at £73
    This includes a lodger
    • csgohan4
    • By csgohan4 16th Jul 17, 8:25 AM
    • 3,769 Posts
    • 2,351 Thanks
    csgohan4
    • #5
    • 16th Jul 17, 8:25 AM
    • #5
    • 16th Jul 17, 8:25 AM
    you get what you pay for, ensure the T+C are acceptable to you
    "It is prudent when shopping for something important, not to limit yourself to Pound land"
    • paddyandstumpy
    • By paddyandstumpy 16th Jul 17, 10:26 AM
    • 791 Posts
    • 327 Thanks
    paddyandstumpy
    • #6
    • 16th Jul 17, 10:26 AM
    • #6
    • 16th Jul 17, 10:26 AM
    LV's one of the better policies, I'm surprised at that price!
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