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Reasons you must have homeowners insurance

Updated: Jan 8

Homeowners insurance is one of the best ways to protect your most expensive asset: your home. It's easy to think things like fire, major storms, and burglary won't happen to you – until they do. Whether it is severe damage from weather-related incidents or the theft of your jewelry, TV, and other valuables, a home insurance policy can help cover you from a serious financial setback.

Your home insurance protects you in the case of damages caused by perils such as fire, smoke, water (although usually not flooding), theft, vandalism, a storm, or some other event named in the policy. If your home is damaged, your policy will cover the cost of repairing or replacing your home and its contents following the incident. Many home insurance policies will also cover outbuildings like a garage. Homeowners insurance also will replace your stolen or damaged personal property that is stored in your home. If a guest is injured on your property, your policy will also help you pay legal and medical costs. Finally, home insurance will pay your living expenses if you have to move out of your home because it has become uninhabitable due to a covered event.

Homeowners insurance is an investment in protecting your most expensive asset, everything you keep inside it, and yourself from unforeseen financial setbacks


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