Home insurance protects homeowners, landlords, and tenants against property damage, loss or destruction. Policies cover events including fire, theft, and natural disasters (e.g. floods). This type of policy usually insures your home to a predetermined amount, or the “sum insured”. Before you take out cover, you will need to calculate the costs required to rebuild your home following an accident or disaster. A contents insurance policy (sometimes called ‘renters insurance’) safeguards you against the loss of, or damage to, your belongings. It’s a crucial purchase for anyone who cares about their personal effects.