How to choose the right INSURANCE POLICIES

Editor of TheMoneyEdit.com, Kalpana Fitzpatrick gives her expert advice on the insurance policies you should keep and cancel

- Kalpana Fitzpatrick

Before you decide to get rid any of your insurance policies, it’s important to consider which ones will make you financially stronger and which you can do without.

Our money expert, Kalpana Fitzpatrick, discusses the cover we all should have.

Home insurance

If you’re a homeowner, legally you need buildings insurance as a condition of your mortgage. Contents insurance is optional, but before you decide to forgo it, consider how much it would cost to replace your possessions if there was a burglary, fire or accidental damage. If you’re renting, then it’s still important to protect your possessions, although you will not need building insurance – that is the landlord’s responsibility.

Life insurance