Consequences You’ll Face If You Do Not Have Home Insurance For some homeowners, having homeowners insurance can mean an additional monthly expense. For many others, getting one is a necessity. Homeowners’ insurance may require you to spend more, but it is also essential, especially if you want to protect and keep your house and personal properties in good condition for a long time. It is also vital for homeowners who plan to resell in the future, as well as for those who are applying for a mortgage. Homeowners’ insurance is property insurance or policy that covers your house and its contents, as well as other personal possessions. Home insurance protects your home from burglaries and disasters. It may not be required by law, but it is a primary need to apply for a mortgage. If you do not have a policy, the lender can purchase one for you. If you are one of those who think that not having homeowners’ insurance is perfectly fine, it’s time to change...
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