When Do You Need Homeowners Insurance? 
Most homeowners need a homeowners policy all the time . A mortgagee will probably require that you carry a homeowners policy to protect the lenders interest . The next significant time you will need a homeowners policy is when you are sued or there is damage to your home and its contents . Because these losses are not frequent , the premium for this coverage is relatively inexpensive . The cost for not having the coverage can be devastating . 