400bhp
Guru
As I said, I never mention actually mentioned legal need, but for someone to lend you the money. If buying with cash and no loan, then no buildings insurance is needed, although it am not sure what would happen if your house caught fire which then burnt down your neighbour's house?
Buildings insurance is sometimes wrongly thought of as a legal requirement. In actual fact many home loan lenders simply require that a mortgage applicant should show proof of having a policy when they apply for their loan.
Thinking back, buildings insurance was part of the maintenance fee when I lived in a leasehold flat, and this too had to be proven to the lender
Still wrong
The word you need is "may"