If you're smart, you have home insurance coverage. If you don't, you need to buy a policy as soon as possible. Because, as much as we don't want to think about it, the unexpected happens. When loss happens, you need coverage. You might also not know that more than just your home is covered, for example you'll also be covered against liability should someone become injured on your property. Simply put, you need insure your home to cover you from significant financial losses you simply cannot afford. Here are some facts you need to know.