Moving out is very expensive. The costs come from all angles. You have to buy new furniture, deal with closing costs, and try to figure out how you’re going to move everything.
The last thing you want to do is spend money on homeowners insurance, especially when you don’t see the value of this purchase with a young family to worry about.
Property insurance allows you to protect everything that you worked so hard for. All of your items would be replaced.
Accidents happen. Your property insurance would cover you and pay for the damages caused by an accident.
Someone doing work in your place could get injured. Anything could happen.
Property insurance has coverage for the medical bills for others. This means that your insurance would pay for those medical bills up to the coverage limits.