If you are the owner of a car or truck, chances are very good that you have motor insurance. With the condition that our streets are currently in and with the number of careless individuals on the streets these days, you are taking a very large risk if you are driving a vehicle without being insured. The same goes for the contents of your house. You are most likely covered by insurance so that you can reclaim from insurance if a robber decides that your furniture would look better in his house than in yours! Then you might possibly also have life insurance, medical aid and disability insurance. Then why, if it is so clear that insurance is an essential part of our day-to-day existence, do so many people "forget" about building insurance?
Building insurance is not the phrase given to a policy that would protect you if someone building your house vanishes with your money. Come to think of it, that would actually be a great policy to consider! Building insurance covers the actual structure of your home, office or other properties.
Think about the following: You are cooling down in your swimming pool, cold drink in one hand, when a light aircraft suddenly has an engine failure and decides that your back garden looks like a good spot for an unexpected emergency landing. The pilot misjudges his breaking distance ever so slightly and the plane ends up in your pool and the propeller practically destroys your whole pool structure. This might sound a bit farfetched, but let's face it, accidents happen! Where will you suddenly find enough funds to fix (or practically rebuild) your pool?
And what if you are lounging in front of the television one sunny afternoon, watching a rented DVD and eating some popcorn, when your home suddenly starts shaking? As you are not totally awake yet, your first reaction might be that aliens are invading your home, but then it (literally!) hits you: It's an earth quake! When your world at some point stops shaking, you slowly and gradually do a 360 degree turn to examine all the damage. Of course it's quite substantial! Now, seeing that you are likely not a millionaire with an extra house somewhere further down the block, you'd probably need building insurance to get your beautiful home looking like a house again!
Fire, flood damage and landslips are a handful of nature's acts that are protected by building insurance. It is possible to insure your house or office, the outbuildings on your property, your swimming pool and even your tennis court! As you can clearly see, these are things that would require a considerable amount of cash to fix or replace and it is therefore definitely not a risk that any normal individual is willing to take.
As with all insurance plans, building insurance companies will offer insurance policies with various conditions and terms. Make sure that you are very sure what is included in your particular policy and in which cases the insurance firm will not pay out.
Life is a risk on its own; don't put more stress on yourself than required. Make certain that your building insurance is in place for you to sleep comfortably at night!
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