Emma Gutierrez: Hello! I am Emma Gutierrez with Wells Fargo & Company. Today we are talking about the value of Homeowners Insurance and how it can help protect your financial assets. A family's home and its contents are often their largest investment, which is why it's important to have the right Homeowners Insurance. Homeowner Insurance provides you with broad coverage for losses that can arise from owning a renting at your home. A standard Homeowners Insurance policy includes the following 4 Essential Types Of Coverage. Coverage to rebuild your home, coverage to replace your personal belongings, liability protection in case someone is injured on your property, additional living expenses if you are temporarily unable to live in your home because of a fire or other covered disaster. If you have a mortgage you are required to have Homeowners Insurance, but it's up to you how much coverage you have above and beyond what is required by your mortgage lender. If you own your home outright, you may still want to consider Homeowners Insurance policy to protect your assets in case of damage to your home or an accident on your property. Generally, you need enough Homeowners Insurance to cover a number of things, including the cost of rebuilding your home and replacing its contents. Liability coverage, if someone is injured on your property, or if something on your property damages someone else's property. An example would be a tree from your yard falling on your neighbor's house. There are additional types of Homeowners Insurance to consider. Such as an umbrella policy that provides you with extra liability coverage, a floater or rider policy for expensive personal items, and flood or disaster insurance. When shopping for Homeowners Insurance it's important to work with a company that will provide you with objective advice, clear explanations of your options, and multiple quotes to help make sure you are paying a fair price for the specific coverage you need.