Your home is, most likely, your most valuable possessions. All of your belongings, memories and comforts. Therefore, it makes sense that ensuring it is fully secure is one of the most important things you can do.
Theft, damage and natural disasters occurring can impact our lives and destroy our homes in more ways than one. To protect yourself and your family should any of these issues occur, you’ll nee home insurance.
While there is no legal requirement for home insurance, if you are looking to obtain a mortgage or are re-mortgaging, providers might insist that you at least take out buildings cover as a condition of lending to you. This is because they are at risk too, as their money is secured against the property.
If you are renting you won’t need to take out buildings cover, as the structure of the property is the responsibility of your landlord. However, you should check your lease/tenancy agreement to make sure this is not a condition of the agreement.