What is Property Insurance?
Property insurance is required for most lenders in a home purchase. It covers losses due to fire, vandalism and other risks. Depending on the level of coverage (i.e. $1 Million of coverage), the cost will be roughly $50-60 per month.
How do you get Property Insurance?
If you currently have insurance (such as car insurance), contact your current insurance provider, as you may benefit from lower costs from having multiple services with the same vendor. Otherwise, there are many providers that can be found online.
