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title: Do I Need Homeowner Insurance?
description: Homeowners Insurance is required by lenders and legal counsel.
---

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# Do I Need Homeowner Insurance?

## Homeowners Insurance is required by lenders and legal counsel.

Lenders require you buy homeowners insurance, which covers the cost of repairing or rebuilding the house in case of damage or catastrophe. Contact an insurance company to determine what information they will need to and obtain an estimate of its costs. Proof of adequate insurance coverage is required before your loan can close.

 

*Last updated on January 15, 2026.*

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