If asked what your most valuable asset is you are likely to answer your home. Not only are you going to want to protect your greatest investment and the contents within, but your lender is going to want to see you are protected as well. You will be required to show proof of insurance via an Insurance Binder Letter via your insurance provider.
Homeowners insurance is separate from both default and mortgage payment protection insurance. It is designed to provide insurance in case of fire or other damaging events. It protects the home itself and the contents within. It protects you should you be sued because of injury or damage caused on your property. Contact an Insurance Broker for further details on policy terms and conditions.
Almost all insurance companies offer some form of homeowner insurance. If you purchase your home insurance from the same provider as your vehicle insurance you will likely qualify for a multiple policy discount of 15-25%.