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How much coverage is required for a homeowners insurance policy?

April 26, 2017coverage homeowners insurance policy

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How much coverage is required for a homeowners insurance policy?

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When you close on your home, homeowner’s insurance is required to cover the loan amount as a minimum. A paid receipt for the first-year premium will be needed at your closing, or your closing agent will collect the premium. Your homeowner’s insurance covers the structure of your home and its contents.