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Home Insurance

Home Insurance

Your mortgage broker could ask for a copy of your home insurance. This might happen if you are refinancing or switching your mortgage. The reason we need proof of home insurance is so the new lender can confirm you have a current policy in place, and it has been paid. In the unlikely and dreadful case of a flood, or another kind of disaster, the lender wants to know they won’t be left with a home that is now worth considerably less than it was before.

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