Ways To Obtain Quotes For Home Insurance Before Your Loan Closing
Ways To Obtain Quotes For Home Insurance Before Your Loan Closing
If you are purchasing a home in South Florida, you will be required to provide the lender with Evidence of Insurance for the property prior to home closing. The lender will require the home be covered with dwelling and liability coverage, and in some circumstances the lender will also require the home buyer to invest in Flood insurance and Hurricane insurance depending on the risks in the area the home is located. If you are not sure where to begin to find the best home insurance South Florida providers at the most affordable rate, consider the options below and make the choice that is most convenient for you.
Mortgage Lender Recommendations
A majority of the time, the mortgage lender you are financing your home with will recommend a home insurer they work directly with. The insurer recommended by the lender will generally be financially stable and well known in the industry for providing quality coverage types and adequate limits. Many home buyers choose to bind coverage with the company recommended by the mortgage lender because it is extremely convenient. The lender and insurance agent will communicate back and forth about details on the home, required coverage limits and premiums. While they will also speak with the applicant to ensure coverages are adequate and to receive the final approval of the policy, securing home insurance recommended by the lender can be the quickest way to go.
Contacting Your Existing Auto Insurance Agent
Homeowners who are prepared to bind their own home insurance also have the option to choose an insurer that is approved by the lender. Lenders will approve all financially stable home insurance South Florida insurance carriers as long as the policy provides the limits stipulated in the loan contract. If it is your first time buying a home and you carry auto insurance with an agency offering home insurance, it may be a good idea to contact your agent and receive a quote on homeowners insurance. Because you already have a rapport built with your auto insurance agent, you will feel comfortable to ask all of the questions that are crossing your mind. In addition to the comfort factor, you can also take advantage of multi-policy discounts on both your auto insurance and your home insurance which can save you hundreds of dollars a year.
There are also other methods to receive a variety of quotes without spending hours meeting with various insurance brokers and agents. Home buyers can surf the web for quoting companies that will submit your home information to several different home insurance South Florida providers. This way the insurers will contact you with quotes rather than you contacting them. No matter which method you choose, make sure to do your research on the insurer and the policy coverages and make the best decision to protect your investment. Tips on Auto Moving and Preparation Find The Best Deal On Homeowner Insurance Right Home Insurance Coverage to protect your financial assets Homeowners Insurance Nj For You Factors A Majority Of Homeowners Overlook When Purchasing Home Insurance HMS Home Warranty Coverage and Benefits Appliances Are Also Cost-effective Health Insurance Is Not Worth Their Own Opinions - Home Getting Personal Insurance for a Manufactured Home Home Moving Insurance: Safeguard to the Goods Being Relocated Home Insurance– A Complete Waste of money? Homeowners Association Insurance For Your Protection Personal Property With Home Contents Insurance Items Not Covered By Your Homeowners Insurance