While there’s no law that absolutely requires you to have a home insurance policy in place, the great majority of lenders will require some amount of home insurance before issuing a home loan. Banks that provide mortgages want to make sure that their investments are protected, and so home insurance is often their requirement in order to proceed with a loan. Now, of course, most homeowners carry a home insurance policy because they can’t afford. To pay for catastrophic damage out of pocket, right? Now, without insurance, a fire or a tornado could result in a total loss. For those of you that are able to purchase a home without needing a mortgage, it is still a big risk to forego carrying home coverage for any length of time. So before making this kind of decision, speak with an insurance professional. I mean, who knows? You may be able to find coverage for much less than you think.

We’d be happy to review your insurance coverage options with you! Give us a call at 440-729-4042 or visit https://www.luczkowskiagency.com.