Why do I need home or mortgage insurance? If you are purchasing a new property such as a Home on a lot, Condominium, or Mobile Home you will need to have insurance. If you are renting a property you will want to have renters insurance in place to provide coverage in case of a loss. For the home owner that is purchasing a new home you will need to provide proof of insurance (binder)to your mortgage broker prior to the closing date. If you currently own a home you will want to maintain your coverage and occasionally review your policy for coverage levels. When you have home insurance questions give us a call here at Alpine Ridge Insurance Agency 253-833-9501, we are located in Auburn Washington and we look forward to working with you.