You will need to purchase a homeowner's insurance equal to the purchase price of the house you are buying.

Question

Quizplus · Accepted Answer

Homeowner's insurance is not directly tied to the purchase price of the house. Instead, it is based on a variety of factors such as the location, size, age, and condition of the home, as well as the value of personal belongings inside. It is important to get an accurate insurance quote before purchasing a home in order to ensure adequate coverage.

You Will Need to Purchase a Homeowner's Insurance Equal to the Purchase