This is a Policy that in the event of any certain specified damage affecting your property it will give you a sum to cover the majority of the cost of repairs.
Damage to your property can be costly to repair, particularly when dealing with fire or storm damage.
All lenders will insist this type of cover is in place and is a common condition of any Mortgage Offer.
If you do not have this type of cover, you will be responsible for the cost of repairs. Cover generally includes:
These are just a few of the perils covered. The policy can also be extended to protect your property against events like accidental damage.
Bestmortgage4u will advise you on all aspects of insurance.