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As
well as having the repairs carried out, you would also be
entitled to loss of rent up to a maximum of 20% of the buildings
sum assured. 
A
lot of people mistakingly think that the buildings insurance
should be the same as the property value. This is not correct.
To give you an indication of the level of cover required click
here to visit the Association
of British Insurers website, where you will find a
calculator.
This
is provided FREE of charge with buildings insurance.
This provides for: the pursuit of damages for personal injury
or death (but excluding motor accidents and any amount exceeding
£25,000 per incident) the pursuit and defence of consumer
disputes for goods or services purchased or supplied in a
private capacity but excluding an amount in dispute under
£125, matters arising from or relating to; planning
erection or alteration of a building the business, profession
or trade, or any venture for gain of the insured divorce,
matrimonial matters or proceedings cohabitation custody, access,
maintenance or affiliation. The pursuit of civil claims relating
to the proposer's place of residence but excluding disputes
between a landlord and a tenant or with local authorities
relating to a property. The defence or investigation into
an individual's private tax affairs by the Inland Revenue,
including accountants' fees. Cover is provided for you,
your spouse, parents and children under 21, if those people
normally live with you. 
This
is the acid test of any insurance policy. We have never come
accross any lender who was not fully satisfied with the cover
included and the terms and conditions in which the cover is
provided.
This
should represent the full rebuilding cost, allowing for architect
and surveyors fees and removal of debris - not the market
value. The further south you go in the UK the higher the
value is of the land. A four bedroomed house in Cumbria costs
a similar amount to rebuild as a four bedroomed house in Central
London. The costs to purchase are probably thousands of miles
apart.
The
sum insured will be adjusted monthly, FREE of charge
in line with the House Rebuilding Cost Index prepared by the
Royal Institution of Chartered Surveyors. You will pay the
next annual premium based on the revised figure.
Included
FREE within your certificate is a 24-hour access to
an Emergency Service for domestic problems such as burst pipes,
serious storm damage, major utilities faults etc. This service
will provide you with prompt attention from a reputable repairer
in your local area. You will be expected to pay the tradesmen,
but if the damage is covered under your certificate then the
cost can be claimed from us. Also included is Legal Advice.
A team of lawyers are available day and night to advise you
or any member of your family residing with you, on any personal
legal problem, excluding motor related matters. You will be
advised of your legal rights and what courses of action are
open to you. This will be confidential and there is NO
charge. On issue of the policy certificate you will be
given a leaflet advising the telephone number to use for assistance.
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