It does matter whether you are a homeowner or a tenant because you will probably require contents insurance to protect your personal possessions and contents in the home from loss or damage.
If homeowners do not have any contents insurance then they risk the possibility of loosing their belongings through loss or damage. The financial cost of replacing these items would cost thousands. So if you are a homeowner or a tenant, consider buy contents insurance.
You can of course take out contents insurance if you have a buildings insurance policy already. Unlike car insurance, contents insurance is not a compulsory purchase and not a legal requirement. Buildings insurance is compulsory if you have a mortgage. Compare deals with our home insurance comparison.