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What is homeowner’s insurance? Why is homeowner’s insurance required?

  • Listed: August 13, 2022 10:11 am
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What is homeowner’s insurance? Why is homeowner’s insurance required?

Homeowner’s insurance pays for losses and damage to your property if something unexpected happens, like a fire or burglary. When you have a mortgage, your lender wants to make sure your property is protected by insurance. That’s why lenders generally require proof that you have homeowner’s insurance.

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