Buying a home is exciting and will likely become your most valuable asset , so it’s important to consider insurance as part of the expenses you need to know about - so you can best protect your property in case the unexpected happens. Insurance offers peace of mind in exchange for a monthly premium (and usually an excess if you must claim), but which policies are worth considering? We explore various insurance policies homebuyers must know about. Home insurance Home insurance usually covers buildings and contents insurance. Buildings insurance covers the cost of rebuilding your home if the structure, such as the walls, roof, or permanent fixtures, are damaged or destroyed, whether it’s by a storm, fire, earthquake, water leak, vandalism, or subsidence. If you are buying a home with a mortgage, buildings insurance is usually compulsory and should cover the rebuilding cost (not the market value).…