Choosing home insurance when you are over 70 can bring more choice than ever, with a number of companies specialising in cover for older homeowners. But whether you go with a company specialising in insurance for more mature people, or a general insurer, it’s still about choosing cover that suits you.

Buildings insurance may no longer be a requirement of your lender if you’ve cleared your mortgage, but it’s still generally a good idea to protect against damage to the property itself. Meanwhile, contents insurance protects against the financial loss of a lifetime of cherished belongings.

Some insurers consider over 70s (and indeed people over 50 in general) to be a lower risk for home insurance, partly because claims tend to be smaller than average. That could be because more experience as a homeowner means you are better at maintaining your property and handling minor repairs yourself. So you could pay less for your home insurance, but it’s still a good idea to compare policies to find the right cover at the right price.