Your Lender's commitment letter will require that you purchase homeowner's insurance or hazard insurance which protects you and the lender from loss in the event the house is damaged or destroyed by fire or storm, etc.
Generally the Lender will require you to get only minimal coverage up to the "replacement value" of the house and they typically want the first year's premium of your homeowner's insurance to be paid at or before closing. You will need to bring the insurance policy and may have to bring a paid receipt to the closing as well; check with your Attorney.
Most home buyers purchase a homeowner's package of insurance that includes:
Personal liability insurance which protects you in the event that you are sued by someone who is injured on your property or injured by a member of your family, except in an automobile accident
Coverage against fire, theft, and certain weather-related hazards
Ask family and friends who they use as well.
Talk to an agent of your choice about bundling your insurance (home, car, boat, motocycle) policies to reduce your payments and about the benefits of paying a higher deductible..
Do your homework; compare coverage, deductibles and costs.
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