Buildings or contents: what you need
Buildings insurance covers the structure of your home; contents insurance covers your belongings. Homeowners with a mortgage usually need buildings cover; renters only need contents. In April to June 2026 the average combined policy cost £383 a year, buildings only £309 and contents only £118 (ABI).
By the billsqueeze team · Facts checked: 31 October 2026 · Updated:
- Buildings covers the structure; contents covers your belongings.
- Mortgage lenders usually require buildings cover; renters only need contents.
- Average premiums: £383 combined, £309 buildings, £118 contents (ABI, Q2 2026).
- Your insurer can’t charge you more to renew than a new customer.
What each covers
| Cover | What it covers | Average premium |
|---|---|---|
| Buildings | The structure: walls, roof, floors and permanent fixtures like kitchens and bathrooms | £309 |
| Contents | Your belongings: furniture, electronics, clothes and valuables | £118 |
| Buildings and contents | Both, in one policy | £383 |
Which do you need?
- Homeowners with a mortgage: lenders usually require buildings insurance. Contents is optional but worth considering.
- Homeowners without a mortgage: buildings insurance isn’t a legal requirement, but rebuilding a home is expensive.
- Renters: your landlord insures the building; you only need contents cover for your own things.
- Flats: buildings cover is often arranged by the freeholder or management company; check your lease.
Renewing
Since 1 January 2022 your insurer can’t charge you more to renew home insurance than it would charge an equivalent new customer. Premiums rose for the first time in a year in April to June 2026, so comparing at renewal still matters.
billsqueeze doesn’t give insurance advice or recommend policies. This guide is general information; check the policy wording before you buy.
Get a reminder before you renew
Add your renewal date and we’ll email you before it comes round, so you have time to compare.
Common questions
Do I need buildings insurance?
If you have a mortgage, your lender will usually require it. If you rent, your landlord insures the building.
Do renters need home insurance?
Only contents insurance, to cover your own belongings. The building is the landlord’s responsibility.
How much is home insurance?
In April to June 2026 the average combined buildings and contents premium was £383 a year (ABI).
Is combined home insurance cheaper?
Often, but not always. Compare a combined policy with separate buildings and contents policies.