While homeowner's insurance is not legally required in most places, it's highly advisable. It offers crucial protection for your home and belongings in case of unforeseen events like fires, storms, or theft. Moreover, if you have a mortgage, your lender may require you to have home insurance as a condition of the loan.

The cost of homeowner's insurance depends on various factors, including the location of your home, its age and construction, your credit score, the coverage limits you choose, and your deductible. Discounts may be available for security features, bundling policies, or claims-free histories. It's best to speak with an agent to get an accurate quote based on your specific circumstances.

Homeowner's insurance typically covers damage to your home and personal property caused by covered perils such as fire, theft, vandalism, and natural disasters. It also provides liability coverage if someone is injured on your property and can help with additional living expenses if your home becomes uninhabitable due to a covered event. However, coverage can vary, so it's essential to review your policy to understand its specific terms and limits.