Buildings Insurance indemnifies the structure of the home in general, including fixtures and fittings and all non-removable items. Typically the insurance will cover yards, driveways, central heating, fitted bathrooms and kitchens, laminate flooring and more. The buildings cover will indemnify you from damage caused by extreme weather conditions, and if selected, accidental damage such as crashing a vehicle through the wall of the garage, and ending up in the kitchen.
Even though there is no law written that you require Buildings Insurance, your mortgage lender will often require you to have a minimum level of Buildings Insurance in order to get a mortgage. It is also a good investment to have if you own your home or are a landlord, as it protects your property and financial interests.