To put it simply, of course! Think about how much money is put into a house—hundreds of thousands of dollars—and not only that but also all of your property and your belongings that you store inside it, which is usually in the tens-of-thousands-of-dollars range. Because of this, there's no reason not to be insured and protected against at least the most fundamental risks. But it's also a good idea to have coverage beyond basic. You don't want your plan only to cover your home and not all of the appliances and belongings inside of it, after all. When thinking about getting hazard insurance versus homeowners insurance, think about which policies you need and what you feel your home is most at risk for, and make sure to guard against those things.