Buildings insurance covers you for the cost of repairing or rebuilding your property after it's damaged by an insured event. We'll ask you the cost of rebuilding your home which isn't the same as the price you paid for it or the value when you sell it.
What does buildings insurance cover?
umbrl offers buildings cover up to £1,000,000 with the option to add on extra cover for emergencies or accidental damage. Our policies are designed to cover risks like fire, storm, subsidence and escape of water and oil. For full details on what we cover and any exclusions, check out our policy wording here.
Who needs buildings insurance?
Not everyone will need buildings insurance and it's important to weigh up your personal circumstances with the potential risk.
Some mortgage providers may require you to have buildings insurance as a condition of your mortgage
For leasehold properties, the freeholder is usually responsible for arranging buildings insurance however you should check your lease just in case
If you're renting your property, your landlord will usually have buildings insurance