Do I need house insurance and how much does it cost?

House insurance is essential for protecting your home from damage. Policies are often bundled with contents insurance for your belongings, and most include automatic EQC cover for natural disasters.

Premiums vary significantly by location and property details. You must calculate a 'sum insured'—the total rebuild cost, not market value. The Cordell Sum Sure Tool can provide an accurate estimate.

Lenders typically require insurance before settlement, so it's wise to shop around for quotes as soon as your offer is accepted.