FNB Buildings Insurance Review 2021

Published by
Lethabo Ntsoane

FNB Buildings Insurance protects your buildings against damage or loss. FNB insurance brokers assist clients in obtaining a home insurance policy that meets their specific needs.

When looking to purchase building insurance, it is crucial to consult with the FNB advisors. They will assist you in optimizing your buildings insurance policy by selecting the best coverage for you. This will save you money and provide you with the necessary coverage so that when you file a claim, you will not be shortchanged on repairs or replacement of building parts.

The FNB Buildings Insurance policy only covers completed structures. Buildings that are still being built are not covered. As a result, until a building is fully constructed, it cannot be covered by FNB Buildings Insurance.

FNB Buildings Insurance Summary

FNB Buildings Insurance covers the physical structures of a home as well as outbuildings on the same property. Electronically operated motor gates, palisades, geysers, pavements, and retaining walls are all covered by the buildings insurance. FNB building insurance does not cover structures that are still being built.

The benefits of building insurance extend beyond the cost of the premiums. The insurance product also covers rent and alternative accommodations in the event that a covered event renders the building structure unlivable.

What the FNB Buildings Insurance Cover

The FNB Buildings Insurance covers a variety of occurrences. Natural occurrences, accidental damage, loss, and theft-related damages are all covered by the insurance policy. The following sections will go over the occurrences that are covered by the FNB buildings insurance.

Natural Occurrences

Natural occurrences are caused by nature and are sometimes unpredictable. FNB Buildings Insurance protects your structures from natural occurrences such as lightning and hail storms.

FNB insurance brokers will pay for the costs of repairing or replacing damaged parts of the insured building in order to return it to its original condition. Moreover, if natural hazards cause damage to your landscaped garden, FNB will cover the costs of restoring it to its original condition.

Accidental Damage

FNB Buildings Insurance covers accidental damage to one’s buildings. However, not all accidental damage is covered by insurance. The insurance policy covers any water-caring apparatus that bursts, leaks, or overflows. Your buildings are covered to the extent that the covered incident causes damage to their physical structures.

Loss due to theft

FNB Buildings Insurance protects you if your buildings are damaged as a result of theft or attempted theft. If locks are damaged as a result of a burglary or attempted burglary, FNB insurance brokers will cover the cost of replacing the keys and locks.

Falling of things and collusions to buildings

Things may fall on one’s property and cause damage. Such incidents are covered by FNB’s building insurance. This cover includes the falling of trees on the structures of buildings. However, the falling of trees is covered to the extent that the tree falls to the building structure as a result of natural causes, land subsidence, or when being cut. 

If a tree falls on a building structure while being cut down, such damage is only covered if the tree was cut down by a professional tree feller. The falling of airplanes into insured buildings is also covered. The cover includes planes and the objects they carry falling down.

Furthermore, collisions between motor vehicles and property are covered. This, however, must not be done on purpose. The collision of a motor vehicle with a building is only covered when it is unintentional. The cover includes not only the main house but also the walls and pools.

Other covers

The building’s insurance comes with a personal liability cover. The cover covers you when someone gets injured in your home. Personal liability covers you to the extent that the person injured wants to take legal action against you. Should there be no legal action against you, the cover is not available. 

Since buildings insurance covers the bursting of pipes, it also covers the consequences of the bursting of a pipe. If your water bill increases as a result of a pipe burst, the insurance will cover the difference.

Damage to appliances caused by a high power supply after a power outage or load shedding is covered. The insurance product also covers damages caused by land subsidence and landslides.

If your guests are injured as a result of an insured event in your building, they are covered by the FNB buildings insurance. Medical expenses for guests, visitors, and domestic workers will be covered by FNB insurance brokers.

What the FNB Buildings Insurance doesn’t Cover

The FNB Buildings Insurance does not cover 

  • Swimming pool cleaning equipment,
  • Vacant or unoccupied buildings. This is for non-occupation of buildings for more than 60 days,
  • Business or rental property cannot be covered by the FNB buildings insurance
  • Wear and tear of buildings.

How to apply for the FNB Buildings Insurance

  • Must have a South African ID book or card,
  • Have proof of residence that is not older than 3 months at the time of application,
  • You need to own an insurable asset,
  • You can take the supporting documents to your nearest FNB branch or request a call back on the FNB App or get a quote from the FNB website.

Advantages of FNB Buildings Insurance

  • The product application can be completed entirely online.
  • If a covered incident renders the insured building unlivable, temporary accommodations are available.
  • The insurance product covers a wide range of occurrences.
  • Medical expenses for visitors, domestic employees, and guests are covered at no extra cost if they are injured in a covered incident.

Disadvantages of FNB Buildings Insurance

  • There is no cashback even if you are claim-free for many years.


The FNB Buildings Insurance offers affordable premiums. Many occurrences are covered by the insurance product and it gives homeowners the opportunity to safeguard their homes at a reasonable price.

Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted at lethabo@rateweb.co.za

Published by
Lethabo Ntsoane
Tags: FNB