Building Insurance is a policy that protects your property against damage such as flood, fire, and even accidents.
Contents Insurance protects your personal belongings for similar issues, as well as theft. The easiest way to understand the difference is; if you were to tip your house upside down, everything that fell out would be considered as a content, and everything that remained would be considered as a fixture, therefore forming part of the building.
Building Insurance is a mandatory requirement for the mortgage lender, and they may insist to see a copy of the policy before they release the funds for your purchase. Although contents is not a must have we heavily encourage that both insurances are taken together because after all, it’s your personal belongings that make your house a home.
You may have come across Home insurance on comparison sites and you may even be offered a toy or a free pizza for signing up. Is this really the type of policy you are after, where ‘freebies’ are thrown your way to entice you?