Insurance for property such as real estate is necessary to comply with when you move. This insurance can protect you from bankruptcy and ruin in the event of arson, fire, burglary, property damage, and other accidents that may happen to your home or property. I don't think you should be stingy about giving away $100k for home insurance when you may need a lot more in the future to rebuild your home. I found an insurance company on propertypressonline.co.uk and insured a three-story country house with a garage for $95k.