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Your home is an asset and may possibly be your biggest investment. A home without an insurance is left without protection in the event of a disaster. Home insurance serves one purpose and that is to make sure you receive all the financial resources you need to get back on your feet after your home suffers a calamity. A homeowners insurance is also required by mortgage lenders. However, if your home is fully paid for, a home insurance is still a good investment to make because it will provide you with a financial safety net when you most need it.* This content is not provided by the financial institution or the offer’s provider. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and does not constitute a financial or expert advice.