There are many things in our homes which are expensive and necessary. In case of a disaster, they need to be replaced, which can be done by using the money obtained from the home insurance policy which covers such eventualities.
But, then, how many houses in the United States have been ruined by floods, or fires, or earthquakes? Or even been burgled or destroyed? A very small percentage. There are many people who feel that buying insurance for the home which need not get destroyed is a waste of money. Especially if you are living in a seismically safe area, or where the weather is predictable and not liable for floods or such disasters. Especially if your house has a security system or is fire proof, paying premiums regularly may be considered a waste of money. There are many people who feel like this.
However if there is even a minutest chance that such a disaster can happen, then a policy would cover the loss and be profitable. If there is a big garden near your house, a tree can fall on it and cause damage. Or an automobile may ram into your house and cause extensive damage. Anything can happen and it would always be better and safer to have your house covered by insurance.
The insurance can be for any period of time. In case you have some valuables in the house at some specific time, you can buy a home insurance for that period so that your valuables are covered by insurance. Also you need not buy very expensive insurance even a cheap one which will cover all your needs can be good enough.
There are so many insurance companies to choose from. Each one offer discounts, special schemes and the like and you can pick and choose. There are many who feel that buying home insurance is like gambling. You pay a certain amount of money on a regular basis (as per the policy) and if something happens during the period that the policy covers, you get the payout. This amount is linked to the amount you have paid as premiums on a regular basis. This is wrong. It is not like gambling no matter what others may feel. Home insurance helps you in your hour of need and when your home has been spoilt by natural or human disasters. So buying home insurance makes sense.
You should buy the right insurance, neither too expensive nor too cheap. You should not be under insured either. You should pinpoint exactly what areas and things are to be covered in case of such exigencies and mention the amount correctly so that you get the best possible bargain. You can research and find out which suits you. You need not go in for the cheapest insurance as it may not be the best. There has to be some reason, some catch, why this particular insurance policy is the cheapest. Some offer discounts which may be on the level and you can go ahead with it after satisfying yourself that it is suitable.
You can also insure just part of the house. If your living room contains the most important and the most precious expensive things, you can insure only the living room. In case of a disaster you will get the money to replace only the things in the living room. Hence you have to make sure you know what you are doing and insure all the things which are important to you.
Home insurance is neither a waste of money nor a gamble. It is the most sensible thing to do, to cover your loss in case of disaster.