2019

  • Should You Keep Homeowner's Insurance After Paying Off Your Mortgage?


    One of the top reasons people have homeowner's insurance is to fulfill the requirement their lenders have for this. When you have a loan on your home, you cannot go without home insurance. Your lender will make you purchase a policy and will even purchase a policy for you if you do not do so on your own. When you pay off your mortgage, though, this requirement will no longer be valid, which means you could cancel your homeowner's insurance if you want to.
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