Homeowner's Insurance Why do I need homeowner's insurance? What should I consider? What do my coverages mean? Get a quote		Why do I need homeowners insurance? To protect yourself and the people you care about. If a catastrophe happens, your insurance will kick in and help to pay for the damage to your home. This could be the money to rebuild your house and/or the money to pay for a hotel while you find a new home or have your old one rebuilt.   To protect your assets. You need to make sure you have adequate coverage to protect the possessions it has taken you a lifetime to attain.   For peace of mind.