Why Mortgagee require a Home Owner’s Insurance

When you apply for a mortgage, most lenders will require that you have homeowners insurance. This is because they want to be sure that the structure of your home is covered by the policy. And since many people have personal property inside their homes, such as furniture and electronics, this type of coverage can help protect them in case there’s an emergency. Although there are different types of policies available (such as replacement cost or actual cash value), it’s important to choose one that best suits your needs—and don’t forget about any additional living expenses or liability issues related with owning pets!

The home owner’s insurance policy covers the structure of your home and any other personal property inside of it. In most cases, this means that if you have a pool or a hot tub, the policy will cover damage to those things. If someone damages an expensive piece of furniture in your house (like an antique piano), this is also covered by a homeowner’s insurance policy.

However, there are some exceptions: If someone causes damage to certain items but isn’t responsible for doing so (for example, if they were trying to be helpful and accidentally knocked over a lamp), then no one would expect them to pay for fixing up all these things!

There are many different types of policies that you can choose from and each one is designed with a different goal in mind. For example, some policies are designed to cover your home against fire and theft, while others focus on liability protection in case someone damages or steals your property.

You should make sure you find a policy that covers all of your needs before buying it because there are many different types of coverage available to homeowners through their insurance companies. If you want more information on these options, contact us today!

Homeowner’s insurance protects the structure of your home against damage or destruction. It also covers the contents of your home, including furniture and electronics.

Homeowners’ policies are designed to provide financial protection in case of a covered loss (or “occurrence”). A covered loss is an event that causes damage to your property or injury to people in it (including yourself). Covered losses include fires and other natural disasters, floods, earthquakes and other man-made disasters such as tornadoes or hurricanes; vandalism; theft; criminal activity on your property—such as vandalism or theft—and lawsuits related to injuries caused by someone else’s negligence on public property located within their control (like their sidewalk).

The best thing about homeowner’s insurance is that it protects your investment and helps to keep you secure in your home. If there are any damage claims, they will be covered by the policy you purchased through us. It’s important to make sure that your home has protection from fire or theft before signing up for this coverage though!