Although homeowners insurance is not required by law in Idaho, many, if not most, mortgage providers and lenders will require you to take out homeowners insurance for at least the duration of your mortgage. Either way, carrying homeowners insurance in Idaho is a good idea, especially if you live in an area susceptible to natural disasters or harsh weather conditions. Speaking of which, the most common type of policy offered by homeowners insurance companies in Idaho, the HO-3 policy, thankfully covers hail damage, damage from snow or felled trees, and a few other consequences of extreme weather, but it’s worth taking a closer look at the extent of the coverage offered. For instance, while an HO-3 policy may cover most structural damage, your personal belongings, and your liability, it typically won’t cover flood damage or damage caused by standing water, so it’s worth purchasing extra coverage if you live in a flood-prone town. You might also want to purchase a separate fire insurance policy to supplement the standard coverage if you live in an area prone to wildfires, and coverage for mudslides or landslides if you live in a mountainous part of the state. While floods, wildfires, mudslides, and landslides might be rare where you live, the benefits of being covered against any costly repair bills far outweigh the comparatively smaller monthly or annual premiums for these extra endorsements.