Do I need Buildings Insurance?

Buildings insurance isn’t a legal requirement but it covers you financially if things go wrong. Whether you’re responsible for buying buildings insurance or not depends on your living situation.

Homeowners with mortgage

It’s a requirement of most lenders that you have buildings insurance. It protects you against the cost of serious damage to your home.

Leaseholder The freeholder or management company typically arranges the buildings insurance for the entire block. You usually won't need to arrange separate buildings insurance but it's always best to check your lease agreement.

Renting You don't need to buy buildings insurance as this is the responsibility of the landlord.

Even if you don’t need buildings insurance, you may still want to consider contents insurance which protects your things.