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Yes, Mortgage Finance Companies require that Your Home Hazard Insurance Policy be in place before you can close the sale.

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Wiki User

14y ago

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Do you need homeowners insurance the day of closing if you are paying cash for the home?

No. Although it may certqinly be advisable to get an insurance policy to protect your investment, there is no legal requirement that you do so.


Are homeowners insurance quotes needed before purchasing a home?

If you are financing the home purchase through a bank or other mortgage company, you will need to show proof of insurance at the time of closing. I don't think you need to have quotes just to make an offer, but you will need to start getting them if your offer is accepted.


Do renters need homeowners insurance?

NO, But they can get Renters or Tenants insurance


If you refinance your mortgage do you need to get hazard insurance if you already have homeowners insurance?

hazard insurance is another way to say homeowners insurance - they should be referring to the same thing


Does homeowners insurance pay your mortgage if you become disabled?

Homeowners insurance does not cover your mortgage if you become disabled. You would need to obtain mortgage protection insurance for that.


Where can one find out how much homeowners insurance is?

In order to find out how much homeowners insurance is, one would need to contact an insurance provider. There is no obligation to buy the insurance but an insurance quote can be provided.


Does homeowners cover a murder of a person on the policy?

Homeowners insurance does not generally cover the murder of a person listed on the policy. For that, you need life insurance.


Does homeowners insurance cover drilling a new well?

No, plus there is a special number you need to call for city or Township approval before digging, they offer insurance to the dig


Why should you have insurance if it paid for house?

if you paid cash for the house do you need homeowners insurance


Does homeowner insurance cover a contractors mistake?

The contractor should be bonded and carry liability insurance and you need to require proof of this before they start. Homeowners insurance is not meant to guarantee work on homes.


Does homeowners insurance cover your stolen moped if it was in your yard?

No, You would need cycle insurance for your moped. Homeowners insurance does not provide coverage for vehicles that are designed to operate on public roads.


Does Wallside Windows accept homeowners insurance?

To make a claim with your homeowners insurance policy, you will need to contact your agent for details on how to proceed from there. In searching the Wallside Windows webpage, I did not see any indication that they accept homeowners insurance as payment.