Policy snapshot
An insurance policy that covers only the structure of your home against specified risks.
What is Home Building Only Insurance?
Home Building Only Insurance focuses on the physical structure of the house—walls, roof and fixed fixtures.
What can it cover?
- Damage to structure due to fire, lightning, explosion
- Damage from covered natural calamities such as storms, floods or earthquakes (where opted)
- Certain man-made events as per policy
Who should consider it?
- Homeowners who primarily want to protect construction value
- Landlords whose tenants insure contents separately
Key features to understand
- Focused, cost-effective structural protection
- Long-term policy options in many products
What deserves attention before you buy?
Coverage, exclusions, sub-limits, deductibles, waiting periods, warranties and underwriting can vary between insurers and policy versions. The policy wording and schedule remain the definitive contract. Novo can help you review the relevant terms for your requirement.
Read the wording, not just the brochure
The schedule and policy wording determine the actual contract.
Compare meaningful differences
Look at exclusions, limits, deductibles, conditions and claim requirements—not premium alone.
Think beyond purchase
Servicing and claims-related support can matter as much as placement.
Frequently asked questions
No, it only covers building structure. Contents require separate or combined cover.