<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"

	xmlns:content="http://purl.org/rss/1.0/modules/content/"

	xmlns:dc="http://purl.org/dc/elements/1.1/"

	xmlns:atom="http://www.w3.org/2005/Atom"

	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"

	
	>

<channel>

	<title>New answer on: Why Is Home Insurance Required?</title>

	<atom:link href="https://www.insurancelibrary.com/home-insurance/why-is-home-insurance-required/feed" rel="self" type="application/rss+xml" />

	<link>https://www.insurancelibrary.com/home-insurance/why-is-home-insurance-required</link>

	<description></description>

	<lastBuildDate>Thu, 08 Feb 2024 00:23:46 -0600</lastBuildDate>

	<sy:updatePeriod>hourly</sy:updatePeriod>

	<sy:updateFrequency>1</sy:updateFrequency>

	<generator>https://wordpress.org/?v=6.9.4</generator>


	<item>

		<title>By: Tom Sheehan</title>

		<link>https://www.insurancelibrary.com/home-insurance/why-is-home-insurance-required</link>

		<dc:creator>Tom Sheehan</dc:creator>

		<pubDate>Mon, 13 Jul 2015 15:32:45 +0000</pubDate>

		<guid isPermaLink="false">https://www.insurancelibrary.com/home-insurance/why-is-home-insurance-required</guid>


		<description><![CDATA[Mortgage companies require that you obtain and maintain acceptable Homeowners Insurance as one of the conditions of approving you for your home loan.  In their case, it is to be sure that THEIR interest in your home is protected from loss caused by a covered peril.  In some cases, If your home is located in a higher risk flood zone, they will extend that requirement to include Flood Insurance as well.  When you are fortunate enough to pay off your mortgage, this should not be an event that makes you to consider cancelling your Homeowners&#039; and Flood Insurance policies, however.  The mortage cmpany no longer has an interest in the security of your home but you and your family certainly do.]]></description>

		

	</item>


	<item>

		<title>By: Jim Winkler</title>

		<link>https://www.insurancelibrary.com/home-insurance/why-is-home-insurance-required</link>

		<dc:creator>Jim Winkler</dc:creator>

		<pubDate>Wed, 06 Aug 2014 00:54:28 +0000</pubDate>

		<guid isPermaLink="false">https://www.insurancelibrary.com/home-insurance/why-is-home-insurance-required</guid>


		<description><![CDATA[That is a great question! Chances are, when you bought your home you had to get one or more mortgages. You borrowed what was most likely a very healthy sum of money from a financial institution that would like to get that money back, especially if something bad were to happen to the home before the loans were repaid. They are the reason why you have to have homeowners; that and so you don&#039;t have to go into bankruptcy replacing all of your belongings in the same bad situation. I hope that helps, thanks for asking!]]></description>

		

	</item>


	<item>

		<title>By: David Pipes</title>

		<link>https://www.insurancelibrary.com/home-insurance/why-is-home-insurance-required</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Tue, 05 Aug 2014 21:53:04 +0000</pubDate>

		<guid isPermaLink="false">https://www.insurancelibrary.com/home-insurance/why-is-home-insurance-required</guid>


		<description><![CDATA[The agency requiring homeowner’s insurance is your mortgage company.  The mortgage company has loaned you a considerable amount of money.  The collateral that they hold for the loan is the home itself.  This is called a secured loan.  The homeowner’s policy that they require secures their interest.  If the house should be completely destroyed by a fire the settlement will be first to the mortgage company and then to you. ]]></description>

		

	</item>


	<item>

		<title>By: Jim Winkler</title>

		<link>https://www.insurancelibrary.com/home-insurance/why-is-home-insurance-required</link>

		<dc:creator>Jim Winkler</dc:creator>

		<pubDate>Sat, 29 Mar 2014 22:11:08 +0000</pubDate>

		<guid isPermaLink="false">https://www.insurancelibrary.com/home-insurance/why-is-home-insurance-required</guid>


		<description><![CDATA[In the vast majority of cases, when a home is sold, there is a mortgage involved. The insurance helps protect you, and the lender from suffering a financial loss if something were to happen to the home before that financial obligation was repaid. It is also a way to help you protect against the loss of your personal property if something terrible happened to your home, and protect you if someone were injured in your home or on your property. Hope that answers your question, if not, please feel free to contact me through the link on my profile page.]]></description>

		

	</item>


</channel>

</rss>

