You have made a sizable investment buying or building your home, furnishing and decorating it. You need you can insure yourself against risks with a home insurance policy. Generally these home insurance policies are broken down into two major components. The building insurance and the contents insurance. The building insurance covers your home's bricks and mortar, which is the home itself. The contents insurance covers most other things which are contained within your home.
If your property is used as security for a loan, then it will be a requirement that you maintain suitable insurance cover for the building for the term which the loan covers.