First-Time Buyer Home Insurance Checklist
Make sure you're covered before you get the keys.
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First-Time Buyer Insurance Tips
Buying your first home?
Perhaps you are asking yourself some of these frequently asked questions:
Do I need buildings and contents insurance before I move in?
Yes. Arrange buildings insurance before exchange of contracts to protect your investment. Contents cover should begin once you’ve moved your belongings in.
How much cover do I need?
You’ll need to calculate the rebuild cost of your home (not the market value) and the total value of your belongings. We can help you estimate these figures.
Does home insurance cover wear and tear?
No. Home insurance is for sudden, unexpected events — not gradual damage due to age or lack of maintenance.
Will contents insurance cover my valuables?
Only up to your policy’s single-item limit. For high-value items like jewellery or art, you may need to list them separately.
Does home insurance include accidental damage?
Not by default — but you can add accidental damage cover to your policy for extra peace of mind.
Follow our simple guidance below to demystify Buildings & Contents Insurance.
Before You Buy
- Understand the difference between buildings insurance and contents insurance
- Ask your solicitor or estate agent if buildings insurance is included (e.g. with leasehold flats)
- Check if your mortgage lender requires insurance before exchange or completion
- Start getting home insurance quotes once your offer is accepted
What to Look for in a Policy
- Ensure buildings insurance covers full rebuild cost (not market value)
- Estimate the total value of your home contents (furniture, electronics, clothing, etc.)
- Check single-item limits for valuables like jewellery or art
- Review exclusions (e.g. wear and tear, unoccupied home clauses)
Optional Extras to Consider
- Accidental Damage Cover (spills, breakages, DIY mishaps)
- Home Emergency Cover (boiler, plumbing, pests)
- Personal Belongings Cover (phones, laptops, watches outside the home)
- Legal Expenses Cover
- Bicycle or Garden Equipment Cover
- Protected No Claims Discount
Before Completion Day
- Arrange buildings insurance to start from exchange of contracts
- Ensure contents insurance starts on your moving-in date
- Keep policy documents and contact details easily accessible
Why Choose Broadbench for Buildings & Contents Insurance
Tailored Advice for First-Time Buyers
Personalised guidance to help you understand exactly what you need—no jargon, no guesswork.
- Expert Brokers with Property Experience
Work with insurance specialists who understand the property market and the unique risks new homeowners face.
Access to a Wide Range of Insurers
Broadbench compares policies from leading insurers to find the best fit for your budget and coverage needs.
Protection Beyond the Basics
Offers comprehensive coverage options including accidental damage, personal possessions, and home emergency add-ons.
One-Stop Shop
Bundle buildings and contents insurance to simplify your coverage and often save money.
- Help Understanding Policy Fine Print
First-time buyers benefit from clear explanations of terms, exclusions, and conditions—no surprises later.
Seamless Integration with Mortgage Process
If you're arranging a mortgage through Broadbench, insurance is coordinated alongside it—less stress, fewer steps.
Claims Support
Receive guidance and advocacy during claims—essential peace of mind when navigating your first insurance experience.
Flexible Payment Options
Monthly or annual premiums designed to fit a first-time buyer’s financial plan.
Risk Assessment to Avoid Underinsurance
Broadbench helps ensure your home and contents are valued correctly so you’re not left short in a claim.
Ongoing Policy Reviews
As your circumstances change, Broadbench reviews your policy to ensure it still suits your needs.
Trusted Reputation & Transparent Service
A name backed by trust, with no hidden fees and honest recommendations. Plus, rated as 5-stars on Trustpilot.
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