Buildings Insurance on Exchange?

[philmots]

We'll be exchanging on our move probably mid to late July, but with a completion date of 1st Sept (high buy out fee with current mortgage)

I'm sure I heard somewhere that I need insurance in place on the new property on exchange of contracts, is this correct?

Thanks

[philmots]

Thanks, yeah no worries on cost it's pretty cheap.

I'm with AXA at the minute, I'll give them a call closer to exchange, anyone got experience of them in this situation?