How Does Homeowners Insurance Protect You?

  1. 1492 POINTS
    Jeff Davis
    Insurance Advisor, Lordship Insurance Services, California
    When you purchase a home and use financing for the purchase the lender requires you carry homeowners insurance. This insurance protects the home which is the collateral for the loan. In the event thing such as storms, vandalism, fires and other acts that are not caused by the homeowner cause damage to the home a claim can be filed with the insurance company and those damaged items can be repaired. It is a must to have insurance when you invest in real estate.
    Answered on October 15, 2013
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