I have just got my first flat. Do I need buildings and contents insurance or just contents?
Your flat is probably a leasehold flat and you will pay an annual management charge. The management charge should include a cost for buildings insurance. When you bought the flat, your solicitor should have requested details of the insurance, but, if not I suggest you ask for a copy. As such you would only need contents cover.
In the unlikely event that the management charge does not provide buildings cover, or I your flat is freehold, then you will need to take out buildings insurance too. | 10.20.12 @ 06:12