Do I Actually Need Homeowners Insurance?

| February 28, 2019

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Asking if homeowners insurance is required is sort of like asking whether applying sunscreen is required. Turns out, homeowners insurance isn’t required by law. But just like buying sunscreen, it may help you avoid a helluva lot of trouble in the long term. Whether you’re thinking of buying a house, or you’re already in the process, homeowners insurance is definitely a term you’ll come across. That home you’re purchasing will be one of the most valuable assets you’ll ever own (unless you’re Mr. Monopoly). Homeowners insurance will protect that asset, and in the long term, it will protect you too (just like sunscreen!). What is homeowners insurance? A homeowners insurance policy is a contract between you and your insurance company that covers you in a bunch of different situations. Homeowners insurance coverage protects you and your home if bad luck leaves you recovering or repairing the damage. Here’s more about what homeowners insurance covers you for.

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Arch Insurance Group

Our insurance group in North America, Arch Insurance Group consists of Arch Insurance Company, Arch Specialty Insurance Company and Arch Excess & Surplus Insurance Company. Arch Insurance Group's executive offices are located at One Liberty Plaza in New York City, with regional offices located in New York City (Northeast Region), Atlanta (Southeast Region), Chicago (Central Region) and San Francisco (Western Region), as well as other offices throughout the U.S. to support our business. Arch Insurance Company also operates a branch office in Toronto, Canada.

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Our insurance group in North America, Arch Insurance Group consists of Arch Insurance Company, Arch Specialty Insurance Company and Arch Excess & Surplus Insurance Company. Arch Insurance Group's executive offices are located at One Liberty Plaza in New York City, with regional offices located in New York City (Northeast Region), Atlanta (Southeast Region), Chicago (Central Region) and San Francisco (Western Region), as well as other offices throughout the U.S. to support our business. Arch Insurance Company also operates a branch office in Toronto, Canada.

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