Do I Need Homeowners Insurance If My House Is Paid Off?
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insurancecfp1
Ongoing, First published Aug 29, 2023
homeownersinsurance
When you buy your first home, you'll also be required to purchase homeowners insurance if it's financed through a mortgage lender. Homeowners insurance lowers your risk of asset destruction in the event of a natural disaster. It also protects against theft, vandalism, and other mishaps.

Here are a few important reasons to carry home insurance even after paying off your mortgage.
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