When Should I Buy Home Insurance?

  1. 1370 POINTS
    Jack Heller
    Owner, Insurance Browser,
    When you buy a home, condo or town house your mortgage company is not going to let you close on the transaction without protection for their financial investment in your home. That is not going to happen. Should you buy insurance even if you pay for a home with cash and have plenty of resources , you still might sleep better knowing that you are protected from loss. I have run into very few people who are in the this financial category and if they are , they still will buy a homeowners policy.
    Answered on December 23, 2013
    flag this answer
  2. 14231 POINTS
    Tom Sheehan
    Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
    The most common time that Homeowners Insurance is purchased is in anticipation of the closing on your new home.  Insurance coverage is a requred element for a mortgage these days.  Beyond that, you can review your Homeowners Coverage at any time and, if there is an advantage to altering or to replacing coverage, this is really up to you as the property and policy owner.
    Answered on December 27, 2013
    flag this answer
    3. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>