What does building insurance cover?
The purpose of this kind of insurance is to protect you – and the bank – from the risk of structural damage arising from unforeseen events such as storm, fire, lightning damage, a burst geyser, burglary, and impact damage etc.
Some of the less well-known items covered by buildings insurance include:
- alterations to your dwelling should you become confined to a wheelchair
- damage to the garden
- emergency services expenses
- key, locks and remote control units
- geyser bursts wear and tear
- electrical gate and garage door motors
- loss of rent
- burglary
- impact damage
- wrongful arrest
- accidental breakage to fixed glass and sanitary ware
