0
protecting your physical property against loss. If your home burned down tomorrow is that no sweat to you? if not you could self insure (also assuming you have no mortgage). Also homeowners protects you and members of your household who are your relatives against claims of negligence. The cost of insurance is generally worth it - although coastal communities are probably Wrestling with this question. Insurance is the transfer of risk plain and simple. If you want to retain the risk - you can go without it.
Still curious? Ask our experts.
Chat with our AI personalities
CoachSuccess isn't just about winning—it's about vision, patience, and playing the long game.
Chat with Coach
EzraFaith is not about having all the answers, but learning to ask the right questions.
Chat with Ezra
ViviYour ride-or-die bestie who's seen you through every high and low.
Chat with ViviAdd your answer:
Earn +20 ptsQ: What is the importance of owning home insurance?
Write your answer...
Submit
Still have questions?
Trending Questions
If a person has permission from you to drive your car and then has an accident can the damage be claimed under their insurance instead of yours?
Hit and run and you have no insurance?
Why does water drip under a car?
Why is your car shaking after a oil change?
What gear do you keep your car in when parking on a hill?
What happens if you wreck someone elses car but you have your own insurance?
How many bushels of Half Runner beans per acre?
Where can one obtain Granite insurance?
May 1995 GMC seirra wont stay started unless you give it gas and when you let off it stalls?
What NY insurance company has auto code 989?
How do you pick a car door lock?
What does an oil pump switch do?
If a car company claims they are going to garnish your wages for a repo even if you have not been to court is this the truth?
How old do you have to be to get your truck driver licenses?
TP-24 what should you do before stating a inboard gasoline engine?
What is Garrett Morgan's full name?
What is no-fault insurance?
Do you have to pay a deductible if you hit an animal and damage your car?
How would one go about a car insurance settlement?
What is the front hip room in the 2014 Chevrolet Spark?
Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.