Why Home Insurance Isn’t Optional—It’s Essential

Thinking about skipping home insurance? Think again.

If you’re buying a home, there’s one expense you simply can’t ignore—home insurance. It’s not just a requirement from your lender. It’s a smart, strategic way to protect your investment, your belongings, and your financial future.

Let’s break it down:

1. It Protects the Structure of Your Home

Most policies cover damage from fires, storms, and other disasters. If your home needs major repairs or even a complete rebuild, home insurance can save you from financial devastation.

2. It Covers Your Belongings

Your furniture, clothing, electronics, and personal items are all included in most policies. If there’s a theft, fire, or other covered loss, home insurance helps you replace what you’ve worked hard for.

3. It Offers Liability Coverage

If someone is injured on your property, liability protection can help with medical bills or legal costs. This isn’t just for major accidents—even something as simple as a slip-and-fall could lead to big expenses.

4. Yes, Premiums Are Rising—Here’s Why

Extreme weather events, higher labor and material costs, and fewer insurance companies in high-risk areas are driving up home insurance rates. Some providers are even pulling out of entire states. That makes it more important than ever to shop around and compare coverage.

5. It’s Part of Your Closing Costs—But Budget for It Long-Term

Your first premium is usually paid upfront during closing. After that, it becomes a monthly or annual expense. It’s essential to include it in your overall homeownership budget.

Bottom Line

Home insurance isn’t just another piece of paperwork—it’s a pillar of responsible homeownership. Protecting your home means protecting your future. If you’re starting your home search and want to make sure you’re fully prepared, reach out to me anytime.

I’m Kelly Day with simpliHŌM—where we make buying and selling a home simple.