Insurances taken for the damages caused to any buildings whether it be a house, or an office or school or hospitals etc is a building insurance. Any builds can be collapsed or damaged due to many several reasons. A building can be damaged due to natural disasters like floods, landslides, and fire or earth quakes.
Apart from this buildings can be damaged due to reasons like the building is been too old or due to poor construction of the building. In all such cases if you have a good insurance for your building then you would not need to worry about the reconstruction of the building. building insurance offers excellent info on this.
An insurance company would pay you back the amount of money equal to the value of the property. Insurance companies charge you an amount of money as premium to make you eligible for an insurance holder. There are many thousand insurance companies in the world who gives insurance for buildings.
You have to make a study on the market and make a comparison between the different types of insurance available in the market. Always make sure you do not fall in for fake insurance companies who would not repay you the money and cheat on you.Read More