Homeowners Insurance: The 411

By admin • April 14th, 2010

Homeowners Insurance: The 411

Yes! You really do need it! Yes it is required at closing! Arrangements for homeowners insurance must be made prior to that time. The earlier this is squared away the better because if you do not have insurance on your home, it will not close. By completing your insurance early it can also can save you money. Insurance agents will give you extra information on home safety and can give tips on how to keep your insurance premiums low.

When shopping around for homeowners insurance, consider the following: The cost of insurance for homes constructed with brick materials, and newer homes tend to have lower premiums. Also think about avoiding areas where natural disasters are common, like flooding and earthquakes. You could even consider choosing a home with a fire hydrant or a fire department nearby!

Furthermore, any homebuyers who live in a flood plain will need additional flood insurance before lenders will loan money. In addition, do consider flood insurance if you are even near a flood plain, as it will secure your chances of mortgage loss.

At CTRAgents.com our LDS realtors are here to inform you about the home buying process. Contact our LDS agents today and we walk you through every step of the way

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