Why Do I Need Homeowners Insurance? 
A homeowners policy is a package policy that protects you . If your house is damaged it will repair the house . If property inside the house is damaged , it will repair that as well . If you can no longer live in the house because of a covered loss , it will pay the additional cost of living somewhere else . If you are sued for bodily injury or property damage it will defend you and pay damages to the limit of the policy . The homeowners policy generally meets the requirements set by a lender . 