If you hard all these years to buy a property to have worked, is simply normal that you want to protect your belongings. Maybe your house, car or maybe a yacht. Who would not want to protect his hard earned property? I think nobody. One of the things you can do is to close to a building. If you have such insurance, you protect your property against unfortunate events such as fire, flood, earthquake, theft, vandalism, water damage caused by a sanitary system, storm and hail and others. It is not that we anticipate these things happen, people get the insurance just want the peace of mind in case something happens to their cherished properties may be damaged or even replaced. In other words, it is better to be safe than sorry. The most common type of property insurance is the insurance of homeowners dealing with individual or non-business properties. Of course this is the property insurance that covers private homes. This type of insurance not only to the loss of the house itself and the content, but also the accidents that can happen in the house. It depends on your agreement with the insurance company that we will go in the next section. You can insure your home in two general ways, known hazards and open threats. Open the property hazard insurance that insures against loss to property covered by any cause, except those explicitly excluded, while the danger is the name property insurance term referring to a policy that only covers damage caused by the specific hazards listed as covered. So that means that if you set your hazard insurance and have no "fire" on the list and your house gets burned the next day, (God forbid) then you will not be able to get something in all of the insurance company. So there you have it, it's really up to you if you get insurance but it may also be worth the cost if something bad happens to your property.