There is a rise in the trend of home ownership in the Philippines as majority of Filipinos continue to acquire their own homes despite the opposite trend experienced by the housing sector in the United States. Majority of the money used for the purchase of these properties come from the hard earned dollars remitted by Overseas Filipino Workers. With all the indications, the year 2008 will be another boom year for the real estate industry in the Philippines. Another positive note derived from this trend is that the Filipinos are learning to put their hard earned money to good use. Instead of buying expensive luxurious items like appliances, mobile phones and the latest gadgetries, they are learning the value of investing on something that will be an asset for them in the future. The next step for these new home owners is to learn how to protect their investments with the right home insurance.