Property Insurance (aka: Home Insurance)
A property insurance policy is required whenever you have a mortgage. Prior to closing a new mortgage, the property insurance provider needs to identify the lender on the policy and you need to provide a copy of the policy to your lender. Property Insurance provides coverage if you experience certain types of damage to your property, your home or its contents.
About The Author
Don Scott
Don Scott is the founder of a challenger mortgage brokerage that is focused on improving access to mortgages. We can eliminate traditional biases and market restrictions through the use of technology to deliver a mortgage experience focused on the customer. Frankly, getting a mortgage doesn't have to be stressful.
Related Posts
Feeling hesitant about entering the housing market today due to political or economic uncertainty is understandable. The landscape can seem unpredictable—interest rates shift, housing supply fluctuates, tariff news hits the headlines and policies change. As a mortgage broker, we see this uncertainty every day. But here’s the truth: while there is much beyond your control, mastering the factors that you can control is what will make the biggest difference in your journey to homeownership.
Better Times are Inevitable
Here's What You Can Do
