Apartment Buildings Insurance

Buildings insurance is essential to protect your home from unforeseen circumstances such as fire, flood and the wrath of the elements. It covers the bricks and mortar of your home along with any fixtures and fittings within the property.

While buildings insurance isn't compulsory, if you have a mortgage it is likely to be one of the conditions imposed by your lender. As soon as you buy a house and exchange contracts, you become legally bound and responsible for the property.

It is therefore essential that you ensure you have buildings insurance in place from day one to protect you from potential disasters out of your control.

Along with fires and floods, a good buildings insurance policy will protect your home against storm damage, subsidence, burst pipes and vandalism. Failure to have cover in place could result in you having to pay out thousands for repairs or even being left homeless.

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  • The most important thing when taking out home insurance is to shop around and not just 'auto-renew' your policy. Insurers rely on apathy so do your research and find out where you can get a better deal. MoneySuperMarket's home insurance price comparison tool will let you get quotes from a variety of providers and compare them to ensure you find the best price.
  • Increasing your excess will also help keep costs down. The excess is the portion of the claim that you will have to pay yourself so by opting for to pay more, your overall premium will be decreased. It's important to be realistic though – don't opt for such a high excess that if you had to put in a claim and pay out you wouldn't be able to afford it.
  • Building up a no claims history will also help to keep costs down. Insurers will look favourably on those who have not made a claim over a certain amount of time.
  • It's important to recognise with insurance policies that cheapest isn't always best. You will get what you pay for and skimping on cover could leave you having to find thousands of pounds. What may cost a few pounds extra a month now could save you a huge amount in the future – so choose your policy carefully.


Contact us to learn more about the right business insurance for you.
(212) 684-7444
421 7th Ave #900
New York, NY 10001
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