Reasons To Keep Insurance After Paying Off The Mortgage

Your home loan lender requires a certain amount and type of homeowners insurance. However, if you’ve already paid off your home or paid cash, then you might think you don’t need insurance. There are solid reasons why you should continue with your homeowners insurance even if you don’t have a lien on your home. Here are some reasons to keep your home insurance after your loan is paid off and what changes you may want to make to an existing policy.…