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There is a risk mate, Microsoft are always sending stuff down to your xbox if you dont catch on to this at the right time and dont update your firmware it will simple block your MAC address blocking you from connecting to XBL
Well you will be living there so all bills will be in your name.
You can do what ever the f**k you like - but if you cancel it they will charge you £120 to reconnect.
I've not long moved into a new build, even though BT lines are all there etc... i have to pay them that to press a f**king button!.
Lol - your area is classed as B which is very low risk. My advice is either get a cheap runb around dont waste your money wait till 1 yrs no claims and you will defo get a quote.
Did you put a women on the insurance - it goes down allot!!