Homeowner’s Insurance
Homeowners insurance has been experiencing volatility with premiums rising due to natural disasters, high inflation, and increased rebuilding costs. Restrictions or conditions that drastically affect coverage the property are constantly changing. We encourage homebuyers to shop for insurance right after an accepted offer!
Here are recommendations for insurance brokers.
When is this due?
Prior to closing, your lender will require a “binder”—An Insurance Binder is a one-page document showing the insurance company's written commitment to insure. The policy will be paid at closing and listed on the Settlement Statement.
Sewer Coverage
Adding on sewer line coverage can be a good idea due, especially if it’s an older home. The annual premium is generally low for coverage of a large expense.