Homeowners Insurance in Massachusetts
Anyone who owns a home needs homeowner insurance. Home ownership ranks nationally as the number one personal investment. If you own your home, free and clear of any loans, it is a wise policy to insure this investment against risks. Lending institutions require the new homeowner or the homeowner refinancing a home to purchase homeowners insurance. Failure to do so will prevent your loan from closing or, in the case of an existing homeowner, results in default of the conditions of their loan.