Home insurance tips
For the majority of people the largest single investment made in their life time will be the house they buy so naturally you want this protected financially and not lost with a strike of a match. If put in this situation the cost of repair to damage would place a heavy financial burden on our shoulders and for many the price tag would certainly be too great if there was not a home insurance policy in place.
Most mortgage lenders require that you have building insurance some include it automatically in the repayments after-all until you or me have paid for the property this is also their investment. The situation at worst on loosing your home in say a fire that did not have adequate building insurance would leave you with no home and to add insult to injury the bank would still want repaying what you owe on the mortgage.