The place where we live is perhaps the most endeared possession we have. No one would prefer to lose this great asset at any cost, be it in a natural calamity, disaster or accident. Like health insurance, building insurance is also inevitable in order to protect our most valuable asset-- the house.
A house is something for acquiring which we toil hard, and so it is a valuable commodity that ought to be taken care of. Buying a building insurance can be a way by which we can safeguard our house. Our houses are vulnerable to various things, such as  fires, robberies, damage due to bad weather, earthquakes, tsunamis, cyclones, storms, flood etc. It is quite unpredictable, what awaits. So having an insurance that covers the building as well its content is essential.
A building insurance covers the main structure - the walls, roof, fixtures and fittings. The actual level of cover offered by various insurance companies and  different types of policies may vary at times, but the basic coverage is same for all building insurance policies. Usually a good buildings insurance policy protects the structure of  the home from severe weather, theft and vandalism, fire, smoke, explosions, subsidence, burst pipes, civil commotion, water or oil leakage, and impact of vehicles, falling trees, aircraft, masts, aerials etc.

Suppose if a fire breaks in the house, there are  chances of damaging both the structure  and its contents of the house. No doubt, one cannot get back the same assets inside the house, but he can acquire it again if he has a building insurance. Similarly, in case of burglary, the robber might damage the doors or windows. So, to protect our house from such happenings house contents and buildings insurance is a great option.

A building insurance often covers the expenses associated with professional service  for repairing and replacing damaged house structures caused by fire or disaster. Sometimes, some building insurance policies offer full rebuilding costs of the home. So, if we have a building insurance we can get a reconstructed or repaired wall or ceiling without paying for the professional service.
Therefore, for protecting the most precious possession of our life, we should shield with a building insurance, for no matter what severe hazard occur, we can atleast get the compensation to rebuild, if not the original home.