Purchasing a house is one of life's most exciting adventures. Yet it can also be one of life's most stressful ones. Before making a decision that could dramatically affect your income for the next few decades or so, it is imperative that you prepare yourself properly -- both mentally and financially. In this case, before purchasing a house in Calgary or Edmonton you should already know whether or not purchasing a Calgary home insurance policy to go along with it is also part of your plans.
Here's the thing -- people often wonder whether insurance policies are necessary. While there is no one-size-fit-all-answer to this question, the truth is that in most cases, purchasing at least one kind of insurance policy is indeed necessary. As you may or may not already know, there are MANY types of insurance policies out there. But that's another story that is better left untold for now.
To go back to the original question, is Calgary home insurance coverage a necessity? We can assume that yes it is. While you are not legally obligated to purchase such a policy, logic says that you should never underestimate the importance of such a policy, let alone ignore it completely. In the past, many people have lost their home and ruined their finances because they were not protected under a Calgary home insurance policy.
As a (future) home owner, you never know when a fire, an earthquake or even a thief will strike your house next. All you can do instead of worrying about the chances of this happening to you is to protect your asset and to do everything in your power to ensure that such a disaster will never knock at your door.