At 41.7% owner-occupied, buying in Tolleson usually means a first house. The lender will tell you what it requires, and that requirement is not the same as being properly insured.
A lender insures its loan. The gap between that and insuring your life is the whole conversation.
Three things nobody explains at closing.
A mortgage company requires enough dwelling cover to protect its loan. It has no interest in your liability limit, your contents, your deductible or whether you could live somewhere else for six months. Meeting the requirement is the floor of a conversation rather than the end of one.
When insurance is paid through escrow it stops feeling like a purchase, and policies sit unreviewed for years because nobody sees a bill. That is how a first policy becomes a ten-year-old policy on a house that has changed.
A lender can require cover and cannot require you to use a particular company. Buyers frequently accept whatever is arranged during a rushed closing. You can change it afterwards at any time, and the first renewal is a sensible moment to look properly.
The policy beyond the requirement.
The lender did not ask about it, so usually it is.
Neither is a lender concern and both are yours.
Escrow hides the renewal, so frequently never.
Send the policy your lender arranged. We will tell you what it leaves out.
