Buying a house is a big endeavor. While it?s an exciting time in your life, it?s also one that requires you to make several well-informed decisions. Making a mistake could prove costly, especially when it comes to something like choosing the best homeowners insurance. After all, not only does this provide the lender with protection, […]
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Buying a house is a big endeavor. While it?s an exciting time in your life, it?s also one that requires you to make several well-informed decisions.

Making a mistake could prove costly, especially when it comes to something like choosing the best homeowners insurance. After all, not only does this provide the lender with protection, but you as well.
Interestingly, some people don?t consider insurance that big of a deal. Instead, they focus more on choosing a qualified real estate agent, finding their dream house, and scheduling the move-in date.

Yes, those are all important aspects of becoming a homeowner, but without the best homeowners insurance, none of that?s possible.

To start with, you can?t secure a mortgage loan to buy a house unless you can prove you have a homeowners insurance policy. If you pay cash, that?s a completely different scenario, but more than likely, you?ll work with a lender.

Until you?ve paid off the loan, the lending institution legally owns your house. As such, it?s their asset, ...