Homeowner insurance is essential when you own a home or property. It provides financial protection against damage to the home itself and the belongings inside, as well as liability for accidents that occur on the property. It is typically required by mortgage lenders to protect their investment in the property. Additionally, homeowner insurance can offer coverage for events such as fire, theft, vandalism, and natural disasters. It's important to consider getting homeowner insurance as soon as you become a homeowner to safeguard your investment and provide peace of mind in the event of unexpected events.