Fortunately, Homeowners Insurance is required almost universally by lenders and mortgage companies. This requirement is in anticipation of just how devastating even a partial loss by fire or other causes could be. As your home is the probably the most significant investment you will ever make, insurance is a prudent requirement.
For the normal operation, the value of your building, business property, inventory and daily business flow appreciates every day. That’s to your advantage — unless your business suffers a major blow, and you need to replace what you’ve lost and will continue to lose at today’s prices.