Whether you own your own home or rent having insurance is an essential.

Home insurance comes in two parts:

- Buildings insurance

This covers the building itself – it’s there to help out if there is some serious structural damage to the property.

If you are the freeholder, then you will need this, but if you’re only the leaseholder of your property then you should not need to worry about this part of home insurance (but do check this is covered elsewhere).

- Contents insurance.

This covers the contents of your home and is an essential bit of cover for everyone.  

To help you bring costs down, go to the following guide (courtesy of ‘LoveMoney’).

Guide to ‘Home Insurance’