Home insurance is generally recommended for virtually all homeowners in Idaho. Considering costs associated with repairing or rebuilding, few homeowners could cover the expenses out of pocket.
For homes financed with a primary mortgage, secondary mortgage, or a home equity line of credit (HELOC), there’s usually a requirement that a certain level of insurance coverage is maintained for the duration of the loan. This is a measure lenders take to protect their investment in case of damage or destruction to the home.
Even without lender requirements, home insurance is strongly advised for almost all homeowners, given the significant and important protections it provides.