Both Buildings and Contents are covered for the same Perils, which are listed below and are fully defined in the policy.

• Fire, lightning, explosion, smoke, thunderbolt and subterranean fire
• Riot, civil commotion, strikes, labour and political disturbances
• Malicious acts and vandalism
• Earthquake and volcanic eruption (including flood or overflow of the sea caused by these perils)
• Hurricane, cyclone, tornado or windstorm (including flood or overflow of the sea caused by these perils)
• Flood 
•  Impact by aircraft, aerial devices, vehicles or animals
•  Escape of water or oil from any fixed water or heating installation or domestic appliance
• Theft or attempted theft
• Falling trees or branches
• Subsidence or heave of the site on which the buildings stand and/or landslip

Although the cover is extensive, various types of loss are not covered and the policy document should be examined carefully.

Deductibles
These are defined in the policy as follows: "The amount of each loss for which you are responsible."

A deductible applies to each peril and full details are found on the bottom section of the Policy Schedule. Simply put, this is an amount of each claim, which is not paid by the company. These amounts are small in respect of most losses, but you should be aware of the following "higher" deductibles:

Perils	Deductibles
Earthquake, volcanic eruption, hurricane, cyclone, tornado, windstorm and flood.	3% of the Sum Insured for Buildings and/or Contents.