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Buildings Insurance When Buying a Home
Buying a home is exciting, but it’s also one of the biggest financial commitments you’ll ever make. One part of the process that often gets overlooked is when your buildings insurance should begin.
Many buyers assume insurance only needs to start when they collect the keys. In reality, responsibility for the property usually passes to you from exchange of contracts, and that’s when your buildings insurance normally needs to be in place.
As experienced home insurance brokers, we help buyers understand when cover should start, what needs to be insured, and how to arrange protection correctly without last-minute stress.
Do I need insurance when buying a house?
A common question we hear is: “What insurance do I need when buying a house?”
In most cases, your solicitor or mortgage lender will require you to have buildings insurance from exchange of contracts. This covers the structure of the property against risks like fire, flood, storm damage and subsidence while the legal purchase is completing.
This is standard home buildings insurance, not a specialist policy linked to the purchase process itself. It protects the property once you become legally responsible for it.
We’ll explain exactly what’s required and help you arrange the right level of cover at the right time.
When should buildings insurance start when buying a house?
The timing of buildings insurance is important.
For most property purchases in England and Wales, cover should start from the date you exchange contracts, because that’s when the risk usually passes to the buyer. Waiting until completion could leave you exposed if something unexpected happens before you move in.
We’ll help you:
• Understand when responsibility for the property transfers
• Arrange buildings insurance to begin at the correct point
• Make sure your cover meets your lender’s requirements
No guesswork. No unnecessary cover. Just protection in place when you actually need it.
What about home contents insurance?
Contents insurance usually starts from the day you move in, as this is when your belongings are in the property. We can help you arrange this alongside your buildings cover so everything is ready for moving day.
Speak to us about your insurance needs
If you’re buying a property and need to arrange buildings insurance from exchange, we’re here to help.
Whether you’re a first-time buyer or moving home, fill in your details and we’ll guide you through setting up the right cover at the right time.
