Step 22 to Buying a Home: Homeowner’s Insurance

Buying

One of the things the mortgage underwriter will require you do at some point during the underwriting process is to set up Homeowner’s Insurance, so it’s better to get a start on this task now. For most people, your home is the biggest purchase you will ever make and you want to make sure it’s properly insured. Be sure to get proper documentation from your new homeowner’s insurance company to provide to your underwriter; they will require proof of insurance before they’ll approve you for your loan. 
 
Our biggest piece of advice is to shop your homeowner’s insurance around because rates can vary dramatically we recommend starting with whatever company insures your car and getting a quote from them first as you’ll likely get a discount for already having car insurance through them. After that, reach out to our recommended insurance providers for quotes: 

Erie Insurance 
State Farm 
USAA (Military) 
GEICO 
Liberty 
 
 
Have your homeowner’s insurance policy go into effect the day BEFORE you close on your new home.  That way if (heavens forbid) your new place burns down while you’re at closing, you’ll be covered. Also, Have any questions? Call or text me at 410-980-5732 or email me at melanie.wood@cbmove.com.