If you have recently bought a home in the UK, you’ll notice that it is becoming more and more difficult every day. This is because house prices are growing faster than the average wage is rising. Nonetheless, if you are in the market for a home, you will want to make sure you do it properly. Of course, you need to arrange the mortgage, but there are many other things that he needs take care of, too, such as completion fees, surveys and other tasks that will cost you money to have done. One of these costs is insurance. Some types you’ll see are optional, but some are necessary and even mandatory. Therefore, it is worth your time to make sure you have the cover you need.What Compulsory Insurance Cover Do I Need?When you buy a home, the first thing you will need to have is buildings insurance. This covers you if your house should be destroyed in a fire or if it is affected by subsidence; subsidence means that a land around the property is unstable and may shift, causing structural damage to your house. You should know that you do not need to insure the contents of your house when you do the house itself, but it is a good idea to get it done at the same time anyway.Mortgage Payment Protection InsuranceMortgage payment protection insurance is not mandatory, but it is just as important as your buildings insurance, for example, which is mandatory. This is because mortgage payment protection insurance covers your mortgage payments if you become ill or injured, such that you are unable to work. This also covers you if you should become unemployed to no fault of your own. In general, these payments will cover your mortgage payment for a period of up to 12 months.If you wish to arrange mortgage payment protection insurance, one of the best ways to do this is to do so online. Not only will you have a larger selection of insurers with the click of allows available to you, but you can save up to 40% versus arranging this type of insurance with your high street lender or mortgage arranger. Technically speaking, life insurance is not something you need, in particular, to pay your mortgage payment or other housing-related insurance expenses. However, it is still important, especially if you have a family to look after. If your mortgage is held jointly with your partner or spouse, you will want to see that the mortgage payment is taken care of should something happen to you so that those you love do not lose the home you have worked so hard to have. This is especially true if you have children.Life Insurance: How Can You Make Sure You Are Covered?Buildings insurance is the only mandatory 10th of cover you need to have when you buy your home, but you should still look at taking out mortgage payment protection and life insurance is. Again, the best way to research this is to go online. Many insurers are available online and can meet your needs for you at very competitive cost. The peace of mind this type of insurance will bring you will far outweigh any premiums you pay.