Intro to Homeowners Insurance (HOI)
What is HOI?
HOI stands for Homeowners Insurance, and it is required for all borrowers getting a mortgage. HOI policies protect you and your lender against specific perils (for example fires or tornados) to your home so that you and the lender can recoup the value shared in it. This section will teach you about HOI and what your next steps are. If you’d like to explore more about what HOI is, check out our HOI Deep Dive Article!