Five Things to Consider When Buying a Homeowner's Insurance Policy Homeowners insurance is the backbone of the biggest real estate investment you'll ever make. Even if you buy your home outright without a mortgage, you want to know with absolute certainty that your home is protected against all types of unforeseeable disasters. Here are five things to consider when getting a policy to cover your home:1. Coverages ExplainedYou might think that any old homeowners insurance policy will do. That is simply not true. Buying a policy requires looking at what it covers and what it does not cover. If you don't read the fine print of a policy before you buy it, you may be in for a shock if you have to file a claim and the policy you.