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DŽƐƚ ŽĨ ƚŚĞ ŵĂũŽƌ ůĞŶĚĞƌƐ ǁŝůů ĂďƐŽƌď ƚŚĞ ĐŽƐƚ ŽĨ ƚŚĞŝƌ ůĞŐĂů ĨĞĞƐ Žƌ ĐŚĂƌŐĞ Ă
ŶŽŵŝŶĂů ƐĞƩůĞŵĞŶƚ ĨĞĞ ŽĨ ΨϭϬϬͲΨϭϱϬ͘ ^ŽŵĞ ƐŵĂůůĞƌ ůĞŶĚĞƌƐ ŵŝŐŚƚ ďĞ ůĞƐƐ ĂďůĞ
ƚŽ ƚĂŬĞ ŽŶ ƚŚĞƐĞ ĐŽƐƚƐ͕ ǁŚŝĐŚ ƌĂŶŐĞ ĨƌŽŵ ΨϮϮϬ ƚŽ ΨϯϱϬ͕ ĂŶĚ ǁŝůů ƉĂƐƐ ƚŚĞƐĞ ŽŶ
to the buyer.
/ŶƐƵƌĂŶĐĞ ƉƌŽǀŝĚĞƌ
dŚĞ ĮŶĂŶĐŝĂů ĐŽŶƐĞƋƵĞŶĐĞƐ ƚŽ ƚŚĞ ďƵLJĞƌ ŽĨ ŶŽƚ ŚĂǀŝŶŐ ĂĚĞƋƵĂƚĞ ŝŶƐƵƌĂŶĐĞ
ĐŽǀĞƌ ŝŶ ƵŶĨŽƌĞƐĞĞŶ ĐŝƌĐƵŵƐƚĂŶĐĞƐ ƐƵĐŚ ĂƐ ĮƌĞ ĂŶĚ ŇŽŽĚ ĐĂŶ ďĞ ĚĞǀĂƐƚĂƟŶŐ͘
dŚĞƌĞ ĂƌĞ ŵĂŶLJ ƚLJƉĞƐ ŽĨ ŝŶƐƵƌĂŶĐĞ ĂƐƐŽĐŝĂƚĞĚ ǁŝƚŚ ŽǁŶŝŶŐ Ă ƉƌŽƉĞƌƚLJ ĂŶĚ
ŶŽƚ Ăůů ĂƌĞ ĐŽŵƉƵůƐŽƌLJ͘ ĂĐŚ ƚLJƉĞ ŽĨ ŝŶƐƵƌĂŶĐĞ ŝƐ ĚĞĂůƚ ǁŝƚŚ ŝŶ ƚƵƌŶ ďĞůŽǁ͘
• ƵŝůĚŝŶŐ /ŶƐƵƌĂŶĐĞ
Building insurance covers the replacement of the structure of the house
ŽŶůLJ͘ /ƚ ŝƐ ŝŵƉŽƌƚĂŶƚ ǁŚĞŶ LJŽƵ ƚĂŬĞ ŽƵƚ ďƵŝůĚŝŶŐ ŝŶƐƵƌĂŶĐĞ ƚŽ ďĞ ĐůĞĂƌ
ĂďŽƵƚ ĞdžĂĐƚůLJ ǁŚĂƚ ŝƐ ĐŽǀĞƌĞĚ ĂŶĚ ƵŶĚĞƌ ǁŚĂƚ ĐŝƌĐƵŵƐƚĂŶĐĞƐ ĂŶ ŝŶƐƵƌĞƌ
ǁŝůů ƉĂLJ ŽƵƚ͘
džĂŵƉůĞ͗
dŚĞ YƵĞĞŶƐůĂŶĚ ŇŽŽĚƐ ŽĨ ϮϬϭϭ ǁĞƌĞ Ă ƌĞĂů ĞLJĞͲŽƉĞŶĞƌ ƚŽ ŚŽǁ ƚŚĞ
ƚĞĐŚŶŝĐĂů ĚĞĮŶŝƟŽŶ ŽĨ ŇŽŽĚ ǀĂƌŝĞƐ ĨƌŽŵ ŝŶƐƵƌĞƌ ƚŽ ŝŶƐƵƌĞƌ͘ DĂŶLJ
ĂīĞĐƚĞĚ ŚŽŵĞ ŽǁŶĞƌƐ ĂƐƐƵŵĞĚ ƚŚĞLJ ǁĞƌĞ ĐŽǀĞƌĞĚ ŽŶůLJ ƚŽ ĮŶĚ ŽƵƚ
ƚŚĂƚ ƚŚĞŝƌ ŝŶƐƵƌĂŶĐĞ ĐŽŵƉĂŶLJ ŚĂĚ Ă ǀĂŐƵĞ ĚĞĮŶŝƟŽŶ ŽĨ ŇŽŽĚŝŶŐ͘
As the structure of your building ages and the price of building
ŵĂƚĞƌŝĂůƐ ŝŶĐƌĞĂƐĞ ǁŝƚŚ ŝŶŇĂƟŽŶ͕ ŝƚ ŝƐ ŝŵƉŽƌƚĂŶƚ ƚŽ ƌĞǀŝĞǁ LJŽƵƌ
building insurance cover regularly. Your building insurance policy
ŵŝŐŚƚ ĐŽǀĞƌ LJŽƵƌ ƉƌŽƉĞƌƚLJ ĨŽƌ ΨϮϱϬ͕ϬϬϬ ǁŚĞŶ LJŽƵ ƉƵƌĐŚĂƐĞ ƚŚĞ
ƉƌŽƉĞƌƚLJ͘ ,ŽǁĞǀĞƌ͕ ŝŶ ĮǀĞ LJĞĂƌƐ ƚŚĞ ĐŽƐƚ ƚŽ ƌĞďƵŝůĚ LJŽƵƌ ŚŽƵƐĞ ŵŝŐŚƚ
ŝŶĐƌĞĂƐĞ ƚŽ ΨϯϱϬ͕ϬϬϬ͘ /Ĩ LJŽƵ ŚĂǀĞŶ͛ƚ ƵƉĚĂƚĞĚ LJŽƵƌ ƉŽůŝĐLJ ƚŽ ƌĞŇĞĐƚ
ƌŝƐŝŶŐ ƉƌŝĐĞƐ͕ ƚŚĞŶ LJŽƵ ǁŝůů ďĞ ƵŶĚĞƌŝŶƐƵƌĞĚ ƚŽ ƚŚĞ ƚƵŶĞ ŽĨ ΨϭϬϬ͕ϬϬϬ͘
Your building insurance might also cover public liability.
• Public Liability Insurance
WƵďůŝĐ >ŝĂďŝůŝƚLJ ĐŽǀĞƌƐ LJŽƵ ĂƐ ƚŚĞ ŽǁŶĞƌ ŽĨ ƚŚĞ ƉƌŽƉĞƌƚLJ ŝŶ ƚŚĞ
ĐŝƌĐƵŵƐƚĂŶĐĞ ǁŚĞƌĞ ƐŽŵĞŽŶĞ ŝƐ ŝŶũƵƌĞĚ ŽŶ LJŽƵƌ ƉƌŽƉĞƌƚLJ Žƌ
ƐŽŵĞƚŚŝŶŐ ŽŶ ƚŚĞ ƉƌŽƉĞƌƚLJ ĐĂƵƐĞĚ ĚĂŵĂŐĞ ƚŽ Ă ǀŝƐŝƚŽƌ͘ 'ĞŶĞƌĂůůLJ͕
ƉƵďůŝĐ ůŝĂďŝůŝƚLJ ŝŶƐƵƌĂŶĐĞ ǁŝůů ďĞ ŝŶĐůƵĚĞĚ ŝŶ LJŽƵƌ ďƵŝůĚŝŶŐ ŝŶƐƵƌĂŶĐĞ
policy.
• Contents Insurance
ŽŶƚĞŶƚƐ ŝŶƐƵƌĂŶĐĞ ĐŽǀĞƌƐ ƉĞƌƐŽŶĂů ƉŽƐƐĞƐƐŝŽŶƐ ƐƵĐŚ ĂƐ ds͕ ũĞǁĞůůĞƌLJ͕
ĐůŽƚŚĞƐ͕ ĐŽŵƉƵƚĞƌƐ͕ ĨƵƌŶŝƚƵƌĞ ĂŶĚ ƐŽ ŽŶ͘
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