Home insurance protect homeowner and cover loss for home, personal property and liabilities from covered hazard or accidents.
Almost all mortgage lender requires homeowner with a mortgage to mandatory purchase the fire insurance or flood insurance if it's in a FEMA designated flood zone . Even for owners without a loan, buy in cash, own it free and clear, there is no mandatory requirement but StarRiver Realty ALWAYS RECOMMEND any home owner to purchase fire insurance with proper coverage before close an escrow or either sign a waiver with our company to hold StarRiver Realty harmless from any future claim.
Actually the more equity a homeowner have in the home, the higher insurance should buy. And the real estate & loan agent is never the best resource for any insurance information. Any customer SHOULD ALWAYS check a proper licensed insurance agent for further details.
Here are some of the home owner insurance you can consider: