How Important Is Homeowners Insurance? 
That 's a great question ! Let 's answer it this way : How would you be financially if you purchase your home , take out a big mortgage to pay for it , buy new furniture and appliances to fill the house , get all of your belongings in it , and then it catches fire and is gone ? Would you be able to start from scratch and repay the mortgage ? Or how about if a visitor fell down some steps in your home , and had to be hospitalized . Would you be able to pay the bills and possible law suit damages that you are liable for ? These are two really good reasons why homeowners is important , and most lenders will not sign off on your mortgage unless their investment is protected somehow . I hope that helps you decide to insure your home . Thank you for asking ! 