Building, Content & Property Damage

Buildings insurance covers damage to buildings owned by you (or buildings that your landlord makes you legally responsible to insure) caused by perils such as fire, riot, flood, storm, accidental damage etc.  Car parks, boundary walls, landscaping etc. all fall under the definition of a Building, as does matters such as debris removal, architect’s fees etc. Therefore, it is important to include these items in your Building sum insured to ensure you are fully covered in the event of a claim.

Similarly, Contents insurance provides covers for damage caused to your contents by perils such as fire, riot, flood, storm, accidental damage etc.  Examples of items that insurers consider Contents are machinery/plant, office furniture, plant etc.

 

 

An easy way to remember the difference between buildings and contents insurance is to imagine tipping your premises upside down.  Anything that falls out is thought of as Contents, and anything that remains in the structure is considered a Building – even items such as fitted cupboards, bathrooms etc. are thought of as Buildings from an insurance perspective.

Essentially if your property is damaged it will probably be covered under the Buildings and Contents section, commonly known as the Property Damage section of your policy.