One of the many things you will have to think about while you are in the process of buying a new home is the insurance you will need to protect it. Homeowner’s insurance is more than just a good idea—it is required by your lender as part of your mortgage contract. You will not be able to close escrow on your home if you do not have an appropriate homeowner’s policy in place. Homeowner’s insurance protects your home against multiple possible risks, from fire to burglary. A comprehensive homeowner’s insurance policy will provide coverage for your home as well as everything inside it. You will need to make sure you have the right level of coverage for your needs. Where To Find An Agent A good place to start shopping for homeowner’s insurance is with your current insurance agent. There is likely to be a discount if you insure both your home and your car with the same company, so it is well worth considering the company that insures your car. If your car insurance company does not handle homeowner’s insurance policies, you can instead ask for referrals from your REALTOR® or your mortgage broker. The Coverage You Need A […]
Read More