Even when the law doesn’t required you to insure your home, homeowner’s insurance is a necessity. A bank will not give you a mortgage unless your property is insured and lending institutions will require your home to be protected since it acts as collateral to a loan. Your home is your most valuable asset, therefore protecting your home and its contents from damage or loss is one of the smartest things to do. The level of protection depends on the type of policy you choose. Some of the options you can chose from are to protect your home from strong winds, as in the case of thunderstorms and hurricanes, fire, theft, lawsuits and medical bills in case someone is injured while on your property, as well as be provided temporary housing in case your home is being repaired. A separate policy is required for protection from certain kind of natural disasters, additional liability might be necessary depending on the size of the property; which is why it is important to consider every factor and pick the right amount and type of coverage. Above all homeowners insurance gives you peace of mind.