Home content insurance to give you complete cover should you suffer a home break in or accident that affects your home contents. If you live in an area liable for flooding check with the insurer that they will provide cover for all your home contents should a flooding occur. Read the contract carefully.
Looking on the internet there are reductions being offered by many insurance companies. Some offer up to 20% off your annual insurance, others offer 2 months free and if you take out building as well as contents insurance premiums are reduced even further.
If you are taking out a mortgage on a property the mortgage company will insist that you have building insurance. You do not however have to take this out via your lender. Contents insurance is optional but advisable.