When Should I Buy Home Insurance? 
When you buy a home , condo or town house your mortgage company is not going to let you close on the transaction without protection for their financial investment in your home . That is not going to happen . Should you buy insurance even if you pay for a home with cash and have plenty of resources , you still might sleep better knowing that you are protected from loss . I have run into very few people who are in the this financial category and if they are , they still will buy a homeowners policy . 