Louisville Home Insurance
Most homeowners could not afford to pay costs out of their own pockets for major damage sustained to their property and/or possessions, or be sued. Homeowners insurance protects you from disasters or lawsuits that could leave you without a home or bankrupt.
If your mortgage lender requires that you purchase and maintain homeowners insurance on the property as part of the loan agreement, you must do so. If you cancel your coverage or you allow it to lapse the lender has the right to foreclose (repossess the property).
Regardless of whether or not your lender requires it, maintain adequate insurance on your property at all times, even after you pay off your mortgage.