While not required by law homeowners insurance is totally essential. Legally you can own a home surprisingly without a homeowners policy. However the bank or the lending institution will mandate a homeowners policy if you have a loan mortgage or equity loan. It is probably your biggest asset so it makes sense to protect it fully.Your mortgage lender will require homeowners insurance.That s because lenders need to protect their investments. In an unfortunate scenario if a hurricane badly damages your house burns down or is hit by a tornado or other unseen event homeowners insurance safeguards the lender and you against financial loss.Call us at (646) 423-2772 or visit us at info(at)compareaquote.com
Category: Household & Furniture
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