Your home is by far the most valuable possession you own. Within it is all your personal belongings and the place you feel safe.
However, despite the best protection in place, there is always a risk of fire, theft, damage and natural disasters that can strike unexpectedly. To protect your home against this you will need home insurance. This is an investment to protect your home and belongings in case disaster struck.
Without insurance it is unlikely that you’d be able to afford to repair any damage that should occur which is why it is so important.
Home insurance isn’t a legal requirement, however most mortgage lenders will require buildings insurance to be in place before exchanging contracts.