Home insurance is cover designed to protect your property and belongings against specified risks such as fire, storm damage, theft or escape of water. Buildings insurance generally covers the permanent structure, while contents insurance covers items you keep in your home; you can buy either or both, depending on your circumstances. Policies differ, so check exclusions, excesses, cover limits and whether accidental damage or personal possessions cover is included. If you have a mortgage, your lender may require buildings insurance, so compare the policy terms with your lender’s conditions.