I suspect that the answer is no but . . is it possible to to take out buildings insurance on a house which you don't (yet) own but have signed a contract to purchase and therefore have an interest in? I expect that the current owner has the house fully insured and I appreciate that you can't double insure the house (well can't get double payout) but I'm wondering if one could be somehow exposed having signed a contract to purchase but not having buildings insurance.