Affordable home insurance: Does it even exist? While home insurance is not mandatory by law, like auto insurance is, most mortgage lenders require it—and for good reason. Home insurance protects your home and personal possessions from damage or loss. Your home is collateral for your mortgage loan, and protecting it ensures that collateral retains its value; that, in turn, protects the lender in case of default, for example.
Posted: September 30, 2021 in Insurance