Homeowner’s Insurance

As a buyer shopping for your dream home, you have a lot of questions. One of those questions you have through the home buying process is about homeowners Insurance. Do I need it? Yes. Insurance is required by lenders if you have a mortgage, it is also based on your credit score. What does it cover? It protects the buyers contents inside and out of the home, but it does not include the land. Also, events like lightning, wind, fire, smoke that may cause damage to the home itself are typically covered with a standard homeowners insurance policy. Here are three steps a buyer should know about purchasing home owners insurance, Step 1: Getting a quote. Step 2: Upon getting the quote, you give the information to the bank and/or Realtor. Step 3: Call your insurance company you chose and start the application process.