No, not at all.

Taking insurance for the building or the structure is totally up to you. Experts, however, do recommend investing in a cover for the building as one can’t foresee the future.

Not juts building, you can also look for insurance companies that have covers for everything from the building, fittings, electricity cable and much more. You can also look for more specific covers as well such as cover for the loss of key, etc.

It is important that you prioritise your wants and get a home insurance policy that covers everything that you think needs to be protected. Spending a little extra while getting a new house can save you a lot of trouble and worry in the future.