What is Home Insurance?

 Owning a home may be your biggest investment, so how can you protect it? Well, home insurance is a form of property insurance that you can purchase to protect your property and your belongings.

It may not be something we think about every day, but unexpected incidents can happen at any time to your home, which is why home insurance is important to have. But home insurance wasn’t always an option for people. Did you know that home insurance originated from something called "fire insurance?" As the name suggests, fire insurance was used to cover fires, but has since evolved to "home insurance" since it now covers more than just that. Like what, you may ask? Well, let's talk about it. We have answers to some questions you may be wondering about.

Do I need home Insurance?

Before we get into the nitty gritty of all your home insurance questions, let's start off by saying we strongly recommend that you have home insurance, simply for all the value it offers — even if home insurance isn't mandated by law the same way that car insurance is. Keep in mind that if you're looking to purchase a home, or if you're a homeowner that has applied for a mortgage, your lender will likely require you to purchase home insurance first anyways. Having home insurance can protect you from having to pay a large lump sum to repair damages to your property and personal belongings if something happens to or in your home. So, although home insurance isn’t necessarily a requirement, it definitely plays a crucial role in protecting what may be your greatest asset.