Why is it important to have homeowners insurance?

Owning a home is one of the most valuable assets and investments you can have in a lifetime. Protecting your investment should be commonplace, though there are still those who feel that paying for insurance is a waste of money. Homeowners who have purchased their home with cash can decide against homeowners insurance but that is unwise. Otherwise, if you have a mortgage loan the lender will require you to have homeowners insurance. Read the rest of this entry »