If you ask yourself the following questions it may help you in your decision process:
Have there been burglaries in your area in recent times? Have you items at home that are irreplaceable in the event of a home fire? Are you away from your home for extended periods due to work or holidays? Is your home contents insurance premium significant as a result various specified items on the policy? Have you cleared your mortgage and hold the title deeds? Are you worried about Irish Banks and if there was a Cypriot style bailout? Are you a business owner who stores large amounts of cash at home?