Homeowner’s Insurance is a policy that is designed to protect an individual’s home against damages to the house itself or to the possessions contained within the home. Homeowner’s Insurance also provides liability coverage against accidents in the home or on the property.

Getting coverage for the risks of owning a home is simply a wise investment and most mortgage companies will require a homeowner’s insurance policy as a condition of the loan. They will require that you have enough insurance coverage to protect their investment in your home and they may also require you to name them on the policy as the lien holder. Even if you do not carry a mortgage, it is still a smart idea to ensure you have a homeowner’s policy.