Yes, it is compulsory to have buildings insurance on your property in case of unforeseen damage or destruction if you wish to secure a mortgage on it. Your Solicitor may ask to see a copy of your buildings insurance policy to check against your lender’s Valuation Report to make sure that the policy offers sufficient rebuilding cover. When buying a new property, you must have buildings cover in force from the day contracts are exchanged.
Turney & Associates can arrange buildings insurance for residential and buy-to-let properties with the option to add cover for contents.
