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Do I need to obtain homeowner's insurance before the closing?

Do I need to obtain homeowner's insurance before the closing? | EquiTrust Title Company | Brian J. Ditthardt | http://www.equitrust-title.com/ | (850) 845-0233 | 42 Business Center Drive, #106, Miramar Beach, Florida 32550

It depends, really. If it's a cash purchase, then no, but I would highly recommend it. This is probably your largest investment of your life, and God forbid there's a fire or a hazard, you want to make sure that your investment is protected. If there is a lender involved, it's mandatory. I've never seen, really, a deal where a lender has waived the insurance requirements. The answer is yes when there's a lender, and when there's cash, I highly recommend it.