If youâ€re planning on going through a refinance, you are not required to get a brand new home insurance policy. As long as your property has sufficient coverage in place, your home will be protected, and your lender wonâ€t care if itâ€s a new policy or one youâ€ve had for years. In order to maximize the amount of savings you can get, I highly recommend that each client looking to refinance their home look into shopping their home insurance as well.