A cheaper home insurance policy may still provide useful protection, but the cover depends on its policy wording rather than the price alone. Check whether you need buildings insurance, contents insurance or both, and look closely at exclusions, excesses, valuables limits, accidental-damage cover and unoccupied-home conditions. Make sure your sums insured reflect the likely rebuilding cost and replacement value of your belongings, as underestimating them could affect a claim. Read the policy documents and check any queries with an FCA-authorised insurer or broker before buying.