When buying a house, a first-time home owner may not think about home owners insurance. They’re too busy worrying about finances, moving, and finding that perfect media room or kitchen. However, it’s good to remember that home owners insurance is an important aspect of investing in real estate—one that is often required with most lenders.
Home owners insurance is the best way to be sure that your house and the assets within are protected in case of an accident or natural disaster. Most policies are chosen during the final closing of your new home and most lenders require home owners insurance to protect the portion of the property that they own.
The first step to acquiring home owners insurance is to assess the value of your home and assets. This may involve creating an inventory list and/or taking pictures of your possessions, depending on your insurance company’s requirements. This allows you to determine the best category of insurance for optimal coverage.
Here are a few things to keep in mind as your agent assists your search for home owners insurance
- Home owners insurance is divided into a variety of categories based upon the value of your assets
- Many companies offer several types of coverage—learn where you fit in
- Talk to your insurance agent to ensure you’re getting as much coverage as possible
- Appropriate coverage will assure that you have little to no loss in case of accident or disaster
Buying a home is a big occasion. Protect your real estate and property investments with home owners insurance. Call your local insurance agent to learn more about your Arlington home insurance coverage options.