Home insurance covers damage from incidents such as fire, theft, and vandalism to your house, usually adjacent structures like a garage or shed, and your personal belongings. The insurance is a policy designed to cover your home and if applicable its contents against the possible risks. There are two types of household insurance - contents insurance and buildings insurance. Contents insurance for your household is designed to cover your possessions if in the home in circumstances where you suffer a burglary or you have an accident where damage is caused. Buildings insurance is designed to cover the the general building structure from naturally occurring events and where applicable accidental damage. Make sure you shop around and get at least five or six quotes to ensure you are getting competitive quotes. But don't just look at the price, check what is covered under the policy and check the value of the possessions you want to protect are actually covered by the insurance policy.
The opinions expressed are those of the author only. The material is for general information only and does not constitute legal, financial or other form of advice. You should not rely on this information to make (or refrain from making) any decisions. Always obtain independent, professional advice for your own particular situation by an FSA authorised company where the market is FSA regulated.