No matter how long you live in your home, or how new or old it might be, it still has value. Having home insurance will offer you the reassurance that you can protect that value from significant losses.
Overall, your home insurance equals protection for the investment that you make in your property. That’s why you’ll want a policy in place from the moment you move in. In fact, most mortgage lenders will require applicants to get a policy before they will approve the loan.