Buying a home is one of the biggest expenses a person makes. It's important to protect this expense in any possible way that you can. The single most important protection that you can put on your house is to purchase homeowners insurance in case there is an unexpected event that affects not just your home, but you as well.

1. Homeowners insurance will aid you if your home is dismantled. You can't always predict what might happen to your home. Sometimes there are unforeseen circumstances that most people cannot easily pay for without any assistance. Homeowners insurance will ensure that you can rebuild your home contingent upon a disaster so that you don't end up without a place to live.

2. Homeowners insurance protects the value of your home. If you have almost paid off your home and there is a fire or tornado that damages this expensive purchase, the insurance company makes sure that you don't lose the value that you have gained over the years of paying for your mortgage.

3. Homeowners insurance gives you liability protection. Homeowners insurance protects you from lawsuits in case someone is hurt on your property. This person may decide to sue you due to their injury. When something like this occurs your homeowners insurance is there to help you out. Your insurance will pay the legal bills and damages that the injured party suffered within the limits of the policy you have acquired.

4. Homeowners insurance protects your belongings. Your home is full of things that mean a lot to you. One in four houses in America are robbed, but you don't have to fear this. If your house is robbed your policy will reimburse you for the things that were stolen with actual cash value or replacement costs. This way you won't have to worry about paying these costs on your own.

5. Required by lending institutions. Most lenders, like banks, will not provide you with a mortgage unless you carry homeowners insurance. Your house is being used as collateral on the loan the bank gives you and they, like you, want to make sure that your home is protected.

6. Homeowners insurance protects you from natural disasters. We all like to believe that a natural disaster will never affect us. However, we hear about these disasters all too often these days. If a tornado rolls through town and damages your home it can be paid for by your insurance, although some natural disasters may require a separate policy. Some smaller damages could also be covered, like a leaky faucet that is causing water to disperse in your home.

7. Homeowners insurance protects you when you are away from home. If you are not at home there isn't a reason to fear for the assets you are leaving behind. Under the terms of most of the policies, when your items are lost or stolen while you are away your insurance will still pay to replace these items.

8. Peace of mind. Peace of mind seems a little far fetched when you are paying for a mortgage. However, when it comes to homeowners insurance, peace of mind is a good investment. You can be optimistic and believe that disaster is never going to occur within your home, but when you purchase homeowners insurance you know that your valuable assets are going to be protected in case unforeseen circumstances occur.

About 75 percent of U.S. Homeowners do not carry the appropriate insurance for their home, which affects them a great deal when damages occur. Don't make the same mistake they do. Instead protect what matters to you. Talk to us today about acquiring your own homeowners insurance.

Resources:

https://enlightenme.com/top-10-buy-homeowners-insurance/

http://home.howstuffworks.com/real-estate/buying-home/10-reasons-to-buy-homeowners-insurance3.htm