A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Letter B

Buildings insurance

Insurance which is designed to cover the fabric of the building. This is normally compulsory with every lender as it is the protection on their only security.

In the event the property is leasehold the buildings insurance is normally arranged by the freeholder and the cost charged on to the leaseholder within the service charge.