There are any number of severe hazards that could strike in your home at any moment. These include:
Fires
Extreme weather
Theft of property
Vandalism
Lawsuits brought by someone who claims you harmed them
These are liabilities to you as a homeowner, and it’s impossible to eliminate the risk of an accident occurring, no matter how hard you might try. Homeowners insurance will be there to help you pay for your recovery costs without having to dig deep into your own pockets. You’ll be able to still be able to afford the ramifications of the accidents that you least expected, but that you can’t avoid.