Yes, Buildings Insurance is also commonly known as Fire Insurance. It covers a property's structure if there is damage caused by events including fire, typhoons/windstorms, and explosions. Many homebuyers looking to take out a mortgage need to buy fire insurance, as it is required by banks before they will approve a home loan.
Is Building Insurance same as “Fire Insurance”? Print
Modified on: Thu, 10 Mar, 2022 at 11:41 AM
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