Insurance for Homebuyers
Insurance isn't always exciting — until you need it. Here's what to consider during a purchase, and when each type of cover should start.
Do I need insurance when buying a house?
Not always legally required — but the right cover can protect you from unexpected costs during the purchase and from day one of ownership.
Home Buyers Insurance
Helps reimburse some upfront costs if your purchase falls through for reasons beyond your control.
Buildings Insurance
Covers the structure of the property. Most lenders require it from exchange of contracts.
Contents Insurance
Protects your belongings inside the home. Useful as soon as you move items in.
What is it?
A specialist policy designed to reduce the financial sting if your purchase doesn't complete. Sometimes called “home buyer protection insurance”.
Typical coverage includes
- ●Survey and valuation fees
- ●Conveyancing legal fees (check policy wording)
- ●Search fees
- ●Mortgage arrangement fees (policy dependent)
Tip: Policies vary. Always check the reasons you're covered for, limits and exclusions.
When should you get it?
- Buy it early — before you start paying for surveys/searches.
- Keep your policy documents handy during the transaction.
- If something goes wrong, notify the insurer quickly.
Typical cost: often around £50–£150 as a one-off payment (policy dependent).
Buildings & Contents Insurance
The essentials for protecting your property and belongings.
Walls, roof, floors & permanent fixtures
Most lenders require this from exchange of contracts. You become responsible at exchange, not completion — check start date carefully.
- ●Fire, smoke, storm, flood
- ●Escape of water
- ●Theft and vandalism
- ●Subsidence (usually with conditions)
Furniture, electronics, clothes & valuables
Protects your belongings inside the home. Many insurers offer combined buildings + contents at a discount.
- ●Theft / burglary
- ●Fire / flood damage
- ●Accidental damage (optional)
- ●Valuables cover (limits apply)
Rough cost guide
Typical ranges only — your price depends on property value, location, cover limits and personal circumstances.
£80–£120
one-off
£200–£350
per year
£50–£200
per year
Want to sanity-check what you need?
We'll talk it through — no pressure. Mon–Fri 9am–8pm, Sat 10am–5pm.