In addition to often being required by your mortgage lender, having adequate home insurance can help protect you financially if the unthinkable happens. You can’t plan when or if disaster will strike, but you can plan for how you may be able to respond. Fires, inclement weather or theft can happen at any time. While home insurance may seem like an investment you hope to never use, you don’t want to be without this assistance if your home or belongings become damaged or stolen, or a guest gets hurt on your property. Without home insurance, you’ll be left to foot the bill for repairing or rebuilding your home, replacing damaged goods or settling a third-party injury claim or lawsuit.