General Insurance
The lender will make it compulsory for you to have building insurance which protects your property in the event of damage, for example a fire. Some lenders will also insist that you buy your building insurance through them. This may not be the most competitive in the market however if you decide to buy it elsewhere the lender will usually charge you an administration fee for this. It is also recommended that you have Home Contents insurance to protect your possessions in and out of the home against fire and theft for example.