Unlike car insurance, which is required by law, homeowners insurance is not. However (and this is a pretty big however), most mortgage lenders will require some basic form of homeowners insurance. ... Because if you don't, you'd have little to no mortgage value, and you'd both lose your asset.
Homeowners Insurance does what
Unlike car insurance, which is required by law, homeowners insurance is not. However (and this is a pretty big however), most mortgage lenders will require some basic form of homeowners insurance. ... Because if you don't, you'd have little to no mortgage value, and you'd both lose your asset.
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