The Importance of Building Insurance 3816762268780510832-blid-5213189488505362110

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All lenders insist on Buildings Insurance if any property is secured against a loan. If anything adverse happens to the property (like it being burnt down), the same property can be rebuilt from the proceeds of the insurance claim. And if your property is mortgage free and a similar devastation occurs to it, you will still be protected by the insurance policy and will be able to rebuild your property from the proceeds of your claim.
from: http://ezinearticles.com/?The-Importance-of-Building-Insurance&id=919096