The best time to get your Life and House insurance policies is as soon as you’ve signed the Sale and Purchase Agreement and been handed the keys to your new home. That way you’ll know exactly what your financial commitments are how much you’re likely to need if you’re forced to rebuild.
It might be tempting to get cover before you’ve even bought a house. And you can. There’s no harm in having a Life Insurance policy if you’re in long term relationship and living together in a rental property. However when you do finally take out a mortgage and buy your first home, it will pay to reassess your level of Life Insurance cover, as your needs are likely to have changed.