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Buildings Insurance Exchange Completion | House Buying Process Explained

Learn when to arrange buildings insurance during a house purchase in England.

Buildings Insurance Exchange Completion | House Buying Process Explained

Do I Need Buildings Insurance Before Completion?

Yes. You must have buildings insurance from exchange of contracts, not completion. From that day, you’re legally responsible if the property is damaged.

What to Cover

Rebuild cost (not market value)
Fire, flood, storm, and subsidence
Theft or malicious damage

Provide your policy certificate to your solicitor before exchange.

Related Guides: Comprehensive pre-exchange checklist

Need help coordinating your purchase or reviewing your survey? Book a quick consultation

Do I Need Buildings Insurance Before Completion?

Yes. You must have buildings insurance from exchange of contracts, not completion. From that day, you’re legally responsible if the property is damaged.

What to Cover

Rebuild cost (not market value)
Fire, flood, storm, and subsidence
Theft or malicious damage

Provide your policy certificate to your solicitor before exchange.

Related Guides: Comprehensive pre-exchange checklist

Need help coordinating your purchase or reviewing your survey? Book a quick consultation

Disclaimer

This article provides general guidance only and should not replace professional surveying advice. Always consult qualified specialists (CSRT-qualified damp surveyors, PCA members, or RICS surveyors) for property-specific recommendations.

The cost estimates provided are typical ranges (excluding VAT) as of October 2025 but vary significantly by region, property type, and scope of works. Always obtain written quotes for your specific circumstances.

We are not liable for decisions made based on this information. Property purchase is a significant financial commitment - seek independent professional advice appropriate to your situation.