Insurance is an often overlooked aspect of owning a home. Find out what type of insurance best fits your needs and the amount needed. Some types of insurance are Title Insurance, Homeowners’ Insurance, Flood Insurance, and Home Warranties.
Keep in mind that whoever handles your car insurance typically offers a discount on homeowner’s insurance.
Prior to closing, you will also need to obtain homeowners insurance and provide proof of intended coverage. If the terms of the contract have changed, make sure your lender is aware of any changes. These changes may affect the loan amount or fees that will need to be adjusted, so be sure to handle issues regarding contract terms, price negotiations, and repairs prior to closing.