Disaster can strike at any time. Dealing with this reality is tough. Dealing with it without a home is almost impossible. Even in a strong economy, buying a house is a major decision and a life-changing event. Losing a home can destroy a life, or worse, a family's dreams. Even minor damage can be disproportionately costly.

Savvy homeowners understand that some things shouldn't be left to fate. A home is a major investment that shouldn't be gambled with. Home insurance is one important way of protecting that investment.

Most insurance only covers the eleven listed perils of fire, lightning, hail, vandalism, theft, damage from vehicles, civil commotion, broken glass, smoke, volcanic eruption, and personal liability. A homeowner who knows of another specific danger to his or her home's value may want to investigate buying insurance specifically for the circumstance; for instance, most insurance plans do not cover flooding. Homeowners who live in areas that flood often should look into buying flood insurance.

Insurance plans vary based on the location of the home, its condition, and the ownership or lease status of the insured. Cheaper doesn't always mean better, and the reverse is true as well; homeowners should educate themselves thoroughly before purchasing a home insurance policy. Every home is different, and there are policies to cover every contingency.

A home is worth more than its dollar value. No one should have to give up that dream because he wasn't prepared or have to live in a run-down house he can't afford to repair. Insurance is important.

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