No one likes nasty surprises. That’s why we do all we can to make sure our homes are as safe as houses. But while fitting smoke detectors and burglar alarms gives us some peace of mind, some of life’s mishaps are unavoidable.
While coming home to find your floors flooded or your doors damaged from a break-in can be a shock, there are ways to lessen some of the financial worries and help you put things right again.
With the right buildings insurance policy in place, you don’t need to worry about covering costs if life throws a spanner in the works.
What is buildings insurance and why do I need it?
Buildings insurance covers the cost of damage to your property if the unexpected happens. Typically, buildings insurance covers everything that’s fixed in your home, such as the walls and ceilings, fitted kitchen and bathroom suites, windows, doors and fitted cupboards and wardrobes.
If you’re buying your home with a mortgage, buildings insurance is a must, as mortgage providers typically require buyers to have cover in place as a condition of taking out a mortgage. While you may have the option to purchase buildings insurance through your mortgage provider, this can be less cost-effective as the provider may charge you more for the ‘all in one’ convenience.
Why should I get home buildings insurance from M&S Bank?
All buildings insurance policies differ in what they offer and it’s important to find cover that suits your requirements. At M&S Bank some of the benefits we offer include:
- A choice of premier or standard cover
- Save 20% when buying a new policy online
- Pay monthly at no extra cost
- Flexible claim service
- Alternative accommodation if you cannot live in your home
- Cooling-off period. If you decide your insurance deal isn’t right for you, you can cancel it within 31 days of receiving your documentation – as long as you’re not part-way through a claim and have not received payment for a claim
What's covered in buildings insurance with M&S Bank?
We offer premier and standard buildings insurance which provide cover for loss or damage to your property. Our premier policy gives you extensive protection against higher damage costs – and extra peace of mind.
Premier buildings insurance from M&S Bank covers you for the following:
- Unlimited buildings cover (inner limits apply)
- Full accidental damage
- Alternative accommodation for you, your family and pets if you have to move out following:
- Insured damage
- Evacuation because of health and safety risk
A standard buildings policy also covers you for evacuation because of health and safety risk and typically costs less; however, the cover levels are lower. Check out the policy summary for our premier and standard insurance to find out more about the benefits and limits, or compare them here.
Both premier and standard policies give you the option of extra protection by adding home emergency cover to your policy. This will give you protection against household emergencies such as plumbing problems caused by leaking pipes or your boiler breaking down. You can also add legal expenses cover worth up to £50,000.
Looking for a quote?
Getting a buildings insurance quote is straight forward; we only need a few details and you’ll have the option to spread the cost of your policy over 11 months at no extra cost.
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If you’re an existing customer, you can find out how to renew or change your policy, or make a claim by visiting our existing home insurance customer page.
M&S Home Insurance is underwritten by AXA Insurance UK plc. Terms and conditions apply.