What Is Building Insurance?

 


Visitors: 371

Building insurance is very necessary to protect against loss incurred due to uncertainties. Insurance against fire, earthquake, theft, storm, lightning etc by the house owner for his building is called as Building insurance. The building is insured for a sum and the owner of the property pays a premium for the insurance. If the building is damaged due to the aforementioned calamities, the insurance company pays the insured amount.

In building insurance other assets like permanent fixtures and fittings, wardrobe, interior decorations etc are included. Others like garages, fencing, gates, swimming pools may not be covered, but you can check the policy. A building is an asset and is to be protected always. Insuring your building would help you in minimizing your risk and stay in peace. The premium paid for insuring the building is very low and in case of any uncertainty the money would be paid. First the insurance company does valuation of the building and then the property is insured. In case of any uncertainty the insurance company will have to pay for the amount insured.

So if you have a house, go and get it insured as it will be very beneficial in the long run as you cannot predict earthquakes and other natural calamities.

ABOUT THE AUTHOR

Paul has been providing answers to lots of queries through his website on a wide variety of subjects ranging from satellite phones to acne. To learn more visit http://www.askaquery.com

(254)

Article Source:


 
Rate this Article: 
 
Building Muscle Mass A Health Insurance
Rated 4 / 5
based on 5 votes
ArticleSlash

Related Articles:

While Choosing the Right Building Insurance

by: Harish Pachori (April 19, 2008) 
(Insurance)

What You Should Know Regarding Apartment Building Insurance

by: Alberto Maeses (December 11, 2008) 
(Insurance/Home Owners Renters)

Commercial Building Insurance

by: Laura Davis (July 11, 2008) 
(Insurance/Commercial)

Buy to Let Building Insurance

by: Martin Lukac (June 10, 2007) 
(Insurance)

Building Insurance Cover Online

by: Jon Elton (October 19, 2008) 
(Insurance/Home Owners Renters)

Landlords Building Insurance Providers

by: Kirthy S (October 20, 2008) 
(Insurance/Home Owners Renters)

Landlords Building Insurance - How Do You Get Protected?

by: Kirthy S (November 05, 2008) 
(Insurance/Home Owners Renters)

Should You Cancel Your Home Building Insurance?

by: Colin Warburton (October 09, 2008) 
(Insurance/Personal Property)

What is Building and Contents Home Insurance?

by: Jenny Pilley (January 04, 2011) 
(Insurance/Home Owners Renters)

Building Muscle Mass A Health Insurance

by: Rikard Ingvarsson (September 12, 2008) 
(Health and Fitness/Build Muscle)