Why Do You Need Home Insurance? 
Most people buy home insurance because it is required by their mortgage company . A home is often the largest single investment made by a family . It also represents the largest risk that a family can assume . Anyone injured on your property can sue you for personal liability or property damage . You are vulnerable . The home is often your largest asset . If the house were to be destroyed , your loss would be substantial . Since you depend upon your home as a place to live , if it were destroyed there would be considerable additional expenses to find suitable lodging . There are many other reasons but it just makes common sense to insure such a significant asset . 