How Much Is Insurance When Buying A Home? 
Lenders normally require a mortgage holder to provide hazard insurance to cover the lenders interest in the property . This is normally interpreted to mean , a homeowners policy . The amount of coverage requested by the lender does not necessarily match the replacement cost for the residence . In California the mortgage holder can not be forced to carry insurance in excess of the replacement cost of the residence . Your insurance agent can compute the cost of the policy that you require . 