Archive for November, 2016
In many states a home cannot be purchased unless it is first covered by homeowner insurance put in place by the buyer. Proof of insurance must be presented at closing.
People usually own their homes for many years; however, even a home owned for a short time should be insured, simply because of the typical unsure nature of life. Anything could occur that could warrant a claim being submitted to the insurance company at any time. Therefore, even if a buyer is purchasing a home in a location that does not require homeowner insurance, it is still a wise move to have an active policy, even if just for the peace of mind it will bring. Statistics have shown that, in 2014, 95% of homeowners kept a homeowne