You’re not necessarily legally required to have homeowner’s insurance when you purchase a house, but if you have a mortgage, you’ll need it. Here, we’ll take a look at what you need to know about purchasing a homeowner’s insurance policy as a first-time buyer.
Consider Your Credit Score.
If you’ve recently worked to pre-qualify for a mortgage, it’s likely that you’re already aware of your credit situation. A higher credit score could mean lower insurance premiums, so keep paying your bills on time and time twice before making any large purchases in addition to the purchase of your new home.
Review Your Policy.
It can be tempting to choose the cheapest policy, but you’ll want to take a close look at everything your policy includes before you agree to make an insurance purchase. Talk with your insurance agent about how to file a claim, whether you have a deductible and the ins and outs of your coverage.
Think About Disaster-Proofing.
Taking measures to make it less likely that your home will be affected by a disaster may lower your insurance premiums. Talk with your agent about upgrades you can make to the new home that may help you get a better deal on your insurance policy.
Ready To Buy A Home? Reach Out To Rob Hill Insurance Group, Serving Atlanta, GA, To Discuss Your Options
If you’re preparing to buy a home for the first time, congratulations! Rob Hill Insurance Group, serving Atlanta, GA, is proud to work with you to help you learn more about your homeowner’s insurance options. Reach out or stop in today to learn more.