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Inside insurance protection priorities
By Rachel Lane

Protecting your home Although you have no legal obligation to insure your home, your mortgage company will want to protect their investment with buildings insurance. However, it is also worth protecting your own investments, so even after you've paid off your mortgage, you should ensure you're financially covered.

Home contents insurance and personal possessions insurance According to Money Observer, the average home has £44,000 of contents and replacing this without insurance would be almost impossible for most people. An average premium is about £150 a year and will provide cover up to £50,000. The majority of contents insurance policies additionally provide public liability and personal leg...
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