How important is home insurance?
High Value Home Insurance FAQs -
How important is home insurance?
While home insurance is not compulsory, if you have a mortgage your lender may well insist on you having adequate buildings cover as a condition of your loan. This is simply to ensure that, if your home were to be destroyed or severely damaged, the rebuilding costs will be met and your lender’s investment would be safeguarded.
Given the worry of finding the funds to replace everything you might lose in the event of a catastrophe – including the fabric of your home and its entire contents – it makes sense to have proper high value home insurance, if only for the peace of mind it offers.
