Homeowners Insurance: How Important Is It?

Homeowners insurance is usually required if you finance your home through a lender. While you are free to shop around for a policy, the lender will usually make certain requirements about the size of the total policy and the size of the deductible on the policy. Aside from protecting the house from unexpected natural disasters, such as fire, floods, or hurricanes, home insurance can protect your personal property within the house, and cover certain types of judgments against you in a lawsuit.

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