As well as having a life insurance policy you will also want to invest in home and contents insurance.
Home and contents insurance can cover the cost of repairing or replacing your home in the event of fire, high winds and vandalism. It can also protect the contents of your home; electronics, furniture, chattels and other valuables. However, in order to claim for accidental damage eg stains on the new carpet, you’ll also need to ensure your policy includes accidental damage cover.
When you purchase your house and contents cover, you’ll be able to select how much cover you would like to have. Bear in mind that the higher your level of cover, the higher the premiums, however depending on the insurance policy you may need enough to enable a full rebuild.