Why You Cannot Afford To Be Without Home Buildings Insurance
Unless you're some high flying Hollywood star
, or you're someone like Bill Gates, buying a home is probably the biggest investment you'll ever make, so of course it only makes sense that you should take whatever steps are necessary in order to protect that investment.Of course you could hire a private security company to ensure your home never gets broken into, and with enough security measures in place, you home may never end up on the receiving end of vandalism, but no matter what you do, you cannot prevent a natural disaster.
Flooding
Floods have become increasingly common in the UK, and as many can attest to, they can cause a significant amount of damage to a property. Sure, flood waters may not carry home away, but the resultant damage can run into thousands and thousands of pounds, and of course the average person simply doesn't have that sort of money lying around.
In fact, having adequate home building insurance is probably your only hope of salvation, should you be unfortunate enough to be struck by a severe flood. Of course, even though flooding has become so prevalent recently, there's still not that much chance of you experiencing one.
House Fires
It's quite ironic really when one considers that a home which costs many thousands of pounds can be destroyed by a fire within minutes, and that just because of some faulty wiring that would have cost just a few pounds to replace. Unfortunately, very few home owners carry out regular inspections to determine whether the electrical wiring is in good shape or not. With that said the vast majority of home fires are caused by things such as deep fat fryers rather than faulty wiring.
Practically all such fires could have been brought under control before extensive damage occurred, but unfortunately, the average home owner knows little about fighting fires. Instead, they reach for the phone, and before long the fire brigade arrives. Yes, your home is rescued from total destruction, but now you're faced with thousands of pounds worth of damages, not only from the fire, but also from the water which was used to extinguish the fire. Once again, unless you have home building insurance, you're on you own as far as repairs are concerned.
Burglaries, Theft and Vandalism
Admittedly, you may have the very latest type of burglar alarm system installed, and perhaps you've even got closed circuit TV monitoring your premises. While taking these measures will certainly help you to find cheaper home buildings insurance, they won't necessarily make it impossible for thieves to gain entry.
Also, you need to remember that many break-ins are carried out by highly organised criminals, and you'd be amazed at just how quickly they can clear a property out. In fact, this is exactly why home owners need to make sure their building insurance policies also cover the contents of their homes, especially when you consider just how much money people spend on things like plasma TV's, stereo systems, DVD players etc.
Let's face it the vast majority of people simply wouldn't have the money to replace all the contents of their homes if they were ever stolen, and even less would be financially capable of rebuilding their homes if they were destroyed. The importance of insuring your home and its contents is just plain common sense.
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