Why Do You Need Insurance?
Homeowners insurance is an important purchase for many people. There are two major reasons to buy homeowners insurance:
• To protect your assetsHomeowners insurance covers the structure of your home and your personal property, as well as your personal legal responsibility (or liability) for injuries to others or their property while they’re on your property.
• To satisfy your mortgage lenderMost mortgage lenders require you to have insurance as long as you have a mortgage and to list them as the mortgagee on the policy.