Homeowner's Insurance

Before closing on the purchase of your new home, you will want to select an insurance company to provide you with a Homeowners Insurance policy.  In fact, your lender will require insurance coverage on your new home.  If you do not choose an insurance company, most lenders will select one for you, usually at a much higher cost.

Your lender will require coverage against property damage.  You will want liability coverage for any incidents happening on your property, as well as for any property damage or loss.  The standard homeowner's policy will provide this coverage.

You should start the selection process soon after you reach Mutual Acceptance so you will have sufficient time to obtain insurance and avoid any surprises.