What is buildings insurance?
Imagine popping the roof off your house and holding a giant vacuum cleaner above it, everything sucked up would be covered by contents insurance and everything left would be covered by buildings insurance. More...
It covers the structure of your home and everything permanently fixed down, including:
- The walls
- The roof and ceilings
- Fitted kitchens and bathroom suites
- Windows and doors
- Built in cupboards and wardrobes
Garages and outbuildings are also covered by Admiral Buildings Insurance.
Here's what your home is covered against
Our Buildings Insurance cover will cover your house against natural or man-made disasters, including:
- Water leaks
- Malicious damage
- Lightning strikes
What to expect from Admiral
If your keys are lost or stolen we'll replace them no matter what level of cover you choose.
We will also provide alternative accommodation if your property or contents have suffered damage, and your home is unsafe to stay in.
And, if you need emergency access, Admiral will pay out if the emergency services have to damage your buildings in order to gain entry to your home, up to the amount shown on your policy schedule.
Calculating the rebuild cost of your home
It's no surprise that having to rebuild all, or part of your home, after an incident can be costly, which is why it's best to be prepared for any surprises by taking out buildings insurance.
When arranging buildings insurance it's important the sum insured is the full rebuild cost of your property and not to over or under estimate the value of your home.
Over-estimating could result in you paying higher premiums over the year than you need to, while under-estimating could leave you out of pocket if you did need to put in a claim at a later date.
You should insure your property for the rebuild value, to work that out you should calculate:
- The cost of materials
- Labour costs
- The cost of architects in your area
A survey is the most reliable way to get your rebuild cost but can be expensive and will only be cost effective if you're having one done anyway, if you're buying a new house for example.
Alternatively the following rebuild cost calculator is available from the Association of British Insurers, free of charge.