Homeowners Insurance
Homeowners insurance is a property insurance policy that protects your home and personal belongings against damage, theft, and certain liability claims.
Mortgage lenders require borrowers to maintain homeowners insurance for the life of the loan. The policy must cover at least the replacement cost of the home, and premiums are typically collected monthly through your escrow account.
Homeowners insurance is not the same as flood insurance or mortgage insurance. It covers specific perils like fire, wind, and theft — but flood damage requires a separate policy. Mortgage insurance protects the lender, not the homeowner.
Why This Matters: Your homeowners insurance is your financial safety net if disaster strikes. Making sure you have the right coverage — and understanding what is and is not included — protects your investment and your family.
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