If you are the owner of a car, odds are very good that you have motor insurance. With the condition that our highways are in and with the number of careless individuals on the streets these days, you’re taking a very large risk if you are driving a car without being covered by insurance. It’s the same for the contents of your house. You are most likely covered by insurance so that you can claim back from insurance if a thief 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 individuals “forget” about building insurance?

Building insurance is not the phrase given to an insurance 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 buildings.

Think about the following: You are cooling down in your pool, cold drink in one hand, when a light plane suddenly has an engine malfunction and decides that your back garden looks like a good place for an unexpected emergency landing. The pilot misjudges his breaking distance ever so marginally and the aircraft ends up in your swimming pool and the propeller virtually destroys your whole swimming 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 relaxing in front of the television one sunny morning, watching a rented DVD and eating some popcorn, when your home suddenly starts trembling? 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 ultimately stops moving, you slowly and gradually do a 360 degree turn to examine all the damage. Of course it’s fairly extensive! Now, seeing that you are likely not a millionaire with an extra house somewhere further down the block, you would need building insurance to get your lovely home looking like a home again!

Fire, flood damage and landslips are a few nature’s acts that are protected by building insurance. You’ll be able to insure your house or office, the outbuildings on your residence, your pool and even your tennis court! As you can clearly see, these are things that would need a substantial amount of money to fix or replace and it is therefore certainly not a risk that any normal person would like to take.

As with all insurance policies, building insurance companies will offer insurance plans with various terms and conditions. Make certain you are very sure what is included in your particular policy and in which cases the insurance firm will not compensate.

Life is a risk on its own; don’t put more stress on yourself than necessary. Ensure that your building insurance is in place so that you can sleep comfortably at night!

For more information on building insurance, go to http://www.isureins.co.za