Buildings insurance - what might be covered

If your home is damaged by any of the causes listed above, your policy should pay out. A good policy – though not all – will also cover you for:
· Accidental damage to underground pipes and cables within the boundaries of your property (but not wear and tear)
· Frost damage or the freezing of water in pipes
· Accidental damage to fixed glass and sanitary fixtures, such as windows, glazed doors, baths and basins
· The costs involved in removing debris or clearing the site after the damage has occurred
· Professional fees (for architects, surveyors and others) incurred because of having to repair or rebuild your home as a result of the causes of damage listed above
· The cost of rebuilding or repairing the building to meet statutory regulations or local by-laws
· The cost (up to certain limits) of alternative accommodation – or loss of rent from tenants – if the damage means that you cannot live in the house
· Your legal liability as owner of the property – usually up to a maximum of $1 million. Note that if you live in your home, your contents insurance covers you against legal claims: for example, if a tile falls off your roof and hits a passer-by. Your buildings insurance pays out for legal claims if you do not live in the home (for example, if it is let to tenants), but you are still responsible for maintenance and repairs.