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	<title>New answer on: When Do You Need Home Insurance?</title>

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		<title>By: David Pipes</title>

		<link>https://insurancelibrary.com/home-insurance/when-do-you-need-home-insurance</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Mon, 21 Apr 2014 17:17:01 +0000</pubDate>

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		<description><![CDATA[At a minimum, you might need to satisfy your mortgagee.  Your mortgagee is most concerned about property because that is the basis for the loan.  Next you should consider your own exposure for a law suit.  Finally you should consider how it would cost you to replace your home and personal property if it is destroyed.  If you have a $200,000 home and $100,000 of personal property, I would suggest that you consider those amounts as the homeowner’s policy limits and $300-500,000 as the liability limit.  Lower limits can leave gaps which will make you very unhappy at the time of claim. ]]></description>

		

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