If you’re thinking of purchasing a home with a mortgage, one thing to keep in mind is the cost of NH home insurance. Here’s why home insurance is necessary.
There isn’t a law requiring homeowners to have home insurance in NH. However, if you apply for a mortgage to purchase your dream home, having insurance is something most mortgage lenders will require. This is because your home is an investment for the mortgage lender. Morin Insurance is here every step of the way to assist with all your home insurance requirements, from start to finish. We make it simple, so you have less to stress over! Here’s why you should always consider getting home insurance in NH.
Less Stress with NH Home Insurance
According to this NH.gov article, you should consider home insurance for two reasons: for your assets and to satisfy your mortgage lender. Protecting your stuff is always important, and in case of damage, you want to be sure you can have everything covered. However, home insurance isn’t just for personal asset protection. For example, if your neighbor is visiting and happens to fall down your stairs, you may be liable for any medical fees. Home insurance will cover the personal legal responsibilities that you may incur, saving you money and stress!
Home insurance is also a way to satisfy the mortgage lender. This does not include cash buyers; however, that doesn’t mean you shouldn’t still have homeowner’s insurance. Homeowners insurance is necessary to protect the lender’s investment in your home. For those with a mortgage, the lender will ask that you provide home insurance and list them on your policy as the mortgagee. They can also offer home insurance, but this is usually at a higher premium than most insurance companies like Morin Insurance.
Why Get Home Coverage with Morin Insurance Agency
We are members of the Trusted Choice, which requires us to pledge higher performance. This means that we pledge to offer exceptional customer service and quality knowledge for home insurance. The Morin Insurance Agency is a family-owned and operated insurance agency. We will take the time to explain all types of coverage to offer you the best home insurance option.
Do you need homeowners insurance? Our team is here to help! Contact us today at 603-875-1200 or through our website. Like our Facebook page for more updates!
