Why Is Homeowners Insurance Needed? 
-- > Normal 0 Id like to expand a little on this question , sure your mortgage lender may require you to have some form of insurance coverage on your home but just good judgment would suggest you not be without this type of coverage . Homeowners policies provide coverage in four principal areas ; Depending on the type of coverage you purchase , the policy most often would reimburse you should your home be damaged or destroyed . It will often reimburse you should any of your personal property be damaged or destroyed -LRB- clothing , furniture and/or household items -RRB- . They can reimburse you for additional expenses you incur should your home be damaged and you are required to live in temporary quarters for a period of time while your home is being repaired . These policies may also pay for an attorney to represent you should someone other than a family member be injured while on your property and indemnify you if a civil court finds you responsible for injuring someone or damaging their property . Any responsible homeowner should consider securing this type of coverage . It beats digging into your savings after a storm , fire or after being served legal papers . And it beats waiting for the Red Cross to give you a shirt , a bed and a hot meal . 