1) To protect your home from damage or destruction - Home insurance can help pay to repair or rebuild your home if it's damaged or destroyed by a covered event, like a fire or severe weather. 2) To protect your belongings from loss or damage - Home insurance can help pay to replace your belongings if they're lost, stolen, or damaged in a covered event. 3) To help pay for living expenses if your home is uninhabitable - If your home is uninhabitable due to a covered event, home insurance can help pay for temporary living expenses.