What is it?
A policy that, in the event of any damage
to your property, will give you a sum to cover the majority
of the cost of repairs
Why do you need it?
Damage to your property can be costly
to repair, especially with a major event such as a fire or
storm damage.
All lenders will insist that you have
this type of cover in place and it is actually a conidtion
of your mortgage.
Things to bear in mind
If you don't have this type of cover,
you will be responsible for the cost of repairs. Cover generally
includes:
* Damage caused by
fire or flood
* Subsidence
* Storm damage
These are just a few of the perils covered. The policy can
also be extended to protect your property against events like
accidental damage.
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