Homeowners insurance protects your home and belongings from covered losses and is required by most mortgage lenders before your loan can close.
Choosing the right policy isn’t just about finding the lowest premium—it’s about making sure you have the right coverage for your home and your financial situation
Should I Shop Around?
Yes.
Insurance premiums and coverage can vary significantly between companies. Taking the time to compare policies may help you save money while finding coverage that meets your needs.
What Should You Compare?
When shopping for homeowners insurance, compare more than just the monthly premium.
Consider:
- Annual premium.
- Deductible.
- Dwelling coverage.
- Personal property coverage.
- Liability protection.
- Additional living expense coverage.
- Discounts for bundling with auto insurance.
The lowest premium isn’t always the best value. Understanding what’s covered—and what’s not—can help you avoid unexpected costs if you ever need to file a claim.
When Should I Start Shopping?
Don’t wait until the last minute.
Once you’re under contract, it’s a good idea to begin obtaining insurance quotes early in the process. Having your policy in place before closing helps avoid unnecessary delays.
Shopping early also gives you time to compare coverage, ask questions, and make an informed decision without feeling rushed.
Can My Loan Officer Recommend an Insurance Agent?
If you already have an insurance agent you know and trust, that’s great.
If not, I’d be happy to recommend experienced local insurance professionals who have provided excellent service to many of my clients.
My goal is to help you build a team of trusted professionals so your home purchase is as smooth and stress-free as possible.
Ready to Apply?
If you’re buying a home and have questions about homeowners insurance or the mortgage process, I’m here to help.
When you’re ready, you can complete a secure online application by clicking the button below. I’ll guide you through each step of the mortgage process and help make sure you’re prepared for a successful closing.
Note:
Insurance requirements, coverage options, deductibles, and premiums vary by insurance company, property type, location, and individual circumstances. Always review your policy carefully and consult your insurance professional to determine the coverage that’s right for you.