You have been searching for that new place to call home for days, weeks or maybe even months.  Working with your favorite realtor (me!), you found the perfect place.  You get a call from the title company asking for information about your homeowner’s insurance policy. 

There are several options available for purchasing a policy – you can use a local agent or shop online.  One of the first things to determine is the amount of coverage you need.  You want to make sure you have enough to replace your home and belongings.  Believe it or not, your credit score comes into play here as well.  Do you have cars, recreational vehicles or a boat?  You might qualify for a multi-policy discount.   Does your new home have a security system?  Another discount!

Is your new home in a designated flood plain?  The Seller’s Disclosure Notice will tell you if the property is in a floodplain or currently has flood insurance coverage.  If this is the case, I can help you find a local agent. 

Other things to consider when shopping for home insurance include your belongings and contents.  Do you have an art or baseball card collection or some of grandma’s priceless antique furniture?  If your new home has additional “outbuildings” – like RV storage – make sure it is all covered.  

Your insurance company will most likely use a CLUE report for your new home.  No, it’s not the game – CLUE actually stands for Comprehensive Loss Underwriting Exchange.  A CLUE report gives you the claims history of the house.  If the seller has disclosed major repairs that might have been paid by an insurance claim, then I tell my buyers that it’s OK to ask for a copy of the CLUE report. 

The family dog may be another piece of information an insurance agent will ask about.  Owners of certainly presumed “aggressive” dog breeds could pay a higher insurance premium.  You really don’t want to fib to your insurance agent about this.  If you do have one of these dogs and you don’t disclose it up front and Fido does accidently injure someone, your insurance company may deny coverage.  Deductibles are yet another item to consider.  Generally, your policy premium is lower with a higher deductible; however, you will end up paying more out of your own pocket if you have a claim. 

While I’m not an insurance expert, I know many people who are just that.  Have questions?  Please call, text or email.  I’m here to help!