Could you explain home insurance? Home insurance covers your home, your belongings and including all damages sustained to other folks while on your whole property. This can also comprise any damage committed to another person by you or your pets while in your home.

Some major catastrophes are enclosed by your home insurance, but usually flood and earthquake protection have to be purchased separately. Ask your agent about what exactly is covered in your policy.
Why do I need to have homeowners insurance?

Legally, in most areas, you are not required to own homeowners insurance. However, if you bought the home by using a mortgage loan, the lender will probably require you to have a homeowner’s insurance policy.