Home buying process part 12

Order Homeowner’s Insurance Policy

You might start with the company that insures your automobile. Sometimes insurance companies will give you a discount if you maintain more than one policy with that company. In addition to homeowner’s insurance, you might also consider flood insurance or earthquake coverage.

  • Order your homeowner’s insurance early. As mentioned earlier, not every insurance company will insure every home, especially older homes or homes located in hazardous places.
  • Sometimes previous claims by a homeowner can make it difficult to get insurance. A C.L.U.E. report will disclose previous claims and can be obtained online for about $20.
  • Get replacement coverage. It doesn’t cost that much more to obtain replacement coverage, which will rebuild your home if it is destroyed. Sadly, many victims of wildfires did not carry replacement coverage.

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