Homeowner's Insurance

Homeowner's Insurance

Homeowner’s insurance pays for losses and damage to your property if something unexpected happens, like a fire or burglary. When you have a mortgage, your lender wants to make sure your property is protected by insurance. That’s why lenders generally require proof that you have homeowner’s insurance. Homeowner’s insurance is not the same as mortgage insurance. Learn more about the homebuying process (cfpb.gov/owning-a-home/).