Does paying off a home loan lower HOI premiums?

[James R. Copeland]

So I own some rentals with traditional loans, leveraged somewhere between 50-75% LTV each. Every so often I toy with the idea of paying one or two off, starting with the higher interest loans. Anyone know if, besides making the mortgage go away, would that also impact the Home Owners Insurance payments? Are there any other benefits to having a paid off loan that are lesser known?

[Tracy Streich]

Makes no difference to the insurance company.   You can choose to insure it for less if you have it paid off.  Most have a minimum price per PSF