Buyer Step 18: Set Up Homeowners Insurance

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Real Estate

Step 18 to Buying a Home: Set Up Homeowner's Insurance

Purchase Home Owners Insurance

One of the things the mortgage underwriter will require you do at some point during the underwriting process is to set up Homeowner’s Insurance, so it’s better to get a start on this task now. For most people, your home is the biggest purchase you will ever make and you want to make sure it’s properly insured.

My biggest piece of advice is to shop your homeowner’s insurance around because rates can vary dramatically. I recommend starting with whatever company insures your car and getting a quote from them first as you’ll likely get a discount for already having car insurance through them.