Why Is Homeowners Insurance Needed? 
It is not `` needed '' unless a lender gave you money to buy the house - then it definitely is needed . But even if your home was paid for , if you had a dog -LRB- dog bites -RRB- , have a pool -LRB- slip and falls -RRB- or entertain at home - then you 'd want one to protect you from liability claims of other 's . Plus , not only are your personal belongings covered at home , they are covered when traveling , in your car , at a hotel , on vacation or at a storage place . So it is really a smart consumer idea to keep a homeowner policy in place . 