Sep

Home Insurance Home Buying Tips

When purchasing a home, you will be required to acquire homeowners insurance. In fact, all lenders require homeowners’ policy to be in force prior to funding the home loan. Make sure you have sufficient coverage before the unpredictable happens.

Ask your insurance agent a lot of “what if” questions. The amount of your policy’s deductable plays a big part in setting your premiums. Higher deductibles lower the number of claims, and reduce your insurance costs, but require higher out-of-pocket costs in the event of a claim.

Check with your insurance agent for more information on policies and coverage. If you don’t have an insurance agent, 24/7 Real Estate Online maintains a network of excellent agents we can refer you to with confidence. A great online resource can be found right here.