Buildings insurance covers damage to the building itself (walls, roof, windows). Contents insurance covers damage to your belongings inside the home. As an owner you need both; as a tenant, contents insurance alone is often sufficient.

Home insurance generally covers damage from storms, precipitation, fire, burglary, and leaks. What's exactly covered varies per policy. We explain the terms clearly for you.

As a tenant you don't need buildings insurance — that's arranged by the landlord. But contents insurance is strongly recommended to protect your own belongings.