Should I Buy Home Insurance, Do I Really Need It?

Should I Buy Home Insurance

Should you buy home insurance may seem like a valid question.

If you haven’t had a home insurance claim, you may be asking yourself, “is home insurance really necessary? And, “what is the real value of homeowner’s insurance?”

When you’re making your monthly home insurance premiums it may be difficult to see the real value of home insurance, and to understand if it really pays to insure your home, which could lead you to question the real value of your home insurance policy.

Home insurance is not just important to purchase, it may even be required

If you have a mortgage, then your lender will require you have homeowner’s insurance. So, whether you agree with purchasing home insurance or not, the lender will make the choice for you. In fact, most lenders will not fund your mortgage or refinance until proof of adequate home insurance is provided.


From the lender’s position, they are investing significant money into your home, and in return they need to have assurance that their financial position is protected. Lenders will take this seriously, and if the homeowner doesn’t secure adequate home insurance, the lender will either cancel your deal or “force place the insurance and include it in your mortgage payments.

You don’t want force placed insurance, these policies normally are secured to protect the interest of the lender and not the homeowner, and will not meet the needs of you in the event of a loss.

You family home is likely the biggest investment you will make. Unlike when you purchased your car, which is a depreciating asset, you house will actually increase in value over time. History shows us, that even though the market ebbs and flows, overtime you will see a return on the purchase of your home. So, you should view you home as an investment assets, and having an insurance policy in place is a foundational component of your investment pyramid, and a smart practice.

Good home insurance can bring you peace of mind

Having a home insurance policy can’t prevent acts of nature, and won’t protect you from all the risks of home ownership. But a home insurance policy can put a very nice safety net between you and financial catastrophe when a covered loss occurs. As long as you have a good home insurance policy in place, you can rest easier knowing that you are in a better position to survive a crisis when the unforeseen happens in the home.

So, you can’t put a price tag on peace-of-mind, but a home insurance policy, and knowing that you home has excellent protection, can position you nicely for a relaxing cruise on the peace-of-mind highway.

Home insurance can pay for damage, theft and loss of your belongings too

Beyond peace-of-mind, there are real tangible perks to having a good home insurance policy. Below are some of the things your home insurance policy can protect against:

  • Theft and damages when you are burglarized
  • Fire, water loss, or other covered perils
  • Repair or replace personal belongings damaged in a covered loss
  • Personal liability protection
  • And much more…

So, if you’re ready to purchase a new home, considering refinancing your existing mortgage, or just want to see if you are getting the best overall protection for your home, you should consult with an agent and see what’s available.

And, of course, if you’re considering switching, IronPoint insurance wouldn’t mind helping out. You can call us at 877.334.7646 or request a home insurance quote online to start the process.

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Physical Address:
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Irvine, CA 92614

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PO Box 62436
Irvine, CA 92602

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Copyright IronPoint Insurance Services, LLC | California License No. 0G87821 | PO Box 62436, Irvine, CA 92602 | 877.334.7646

IronPoint Insurance Services is an independent insurance agency licensed (#0G87821) with the California Department of Insurance. We are authorized agents for many A+ rated Arizona, California and Utah insurance companies. We provide consumers with online, phone, and in-person insurance services through our insurance company relationships. IronPoint Insurance Services, LLC offers multiple insurance quotes to provide consumers several options for their insurance products. We offer auto insurance through Mercury Insurance Group, Travelers Insurance Companies, The Hartford, MetLife Auto & Home, and Progressive Drive Insurance. We are authorized insurance agents for these companies and do not charge any fees for our services. If an IronPoint insurance agent trys to charge you broker or agency service fees for representing these companies, please contact us immediately.

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