When Do You Purchase Home Insurance?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    You purchase homeowner’s insurance when your lender requires you to do so.  You may not have a lender and then you might purchase a policy if you are not able to absorb the financial losses that can come with home ownership to include the destruction of the residence.  The very worst case can be a lawsuit arising from an injury to someone on your property.  Not very many people can pay that.
    Answered on March 17, 2014
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