Rhode Island Homeowners FAQ: What is homeowners insurance and why do I need it?
Minimum homeowners insurance is often required by a mortgage lender prior to finalizing your loan. This is an insurance policy that will cover your home in the event of things such as fire or storm damage. You can purchase much more comprehensive homeowners insurance that will cover your belongings in the event of fire, theft, or other perils you have no control over. It will also cover the medical costs if someone gets hurt while on your property and you are legally responsible.