Purchasing and Owning a Home Knowledge Check

How much do you know about buying and owning a home?

True or False: You must have homeowners insurance to close on your mortgage.

True

False

That's correct. You must have homeowners insurance to close on your mortgage.

That's incorrect. You must have homeowners insurance to close on your mortgage.
Casualty insurance covers most damage to your home due to which of the following:

A. Fire

B. Wind

C. Hail

D. All of the above

That's correct. Casualty insurance will actually cover most damage to your home due to fire, wind and hail.

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