While travel insurance isn't specifically required for first home buyers, it's essential if you're travelling during the home-buying process. This insurance protects you against unforeseen events while you're away, such as trip cancellations or medical emergencies. If you're planning to buy a home and travel at the same time, consider discussing your situation with an insurance expert to ensure you're adequately covered. Always review your options carefully and check with the relevant providers for tailored advice.