Many things have changed in the world of insurance in recent years. Did you know that, as a buyer, you should not wait until the last minute to purchase homeowner’s insurance? Your coverage shouldn’t start before you close, but you could be in for some headaches if you don’t do your homework and research both rates and your intended property as soon as you know you’ll need coverage. And, if you are in the market to sell your home, there are issues that might possibly ruin the deal, so please read on for more information:
In short, if a homeowner has filed two claims within the past 5 years on their home, the seller and the home can be labeled as an insurance ‘risk’ or ‘problem’. Buyers are also labeled if they have had 2 claims in 5 years. It is best to contact an insurance agent early during the process of selling or buying a home to confirm that you and your intended home are 'insurable'.
Contact our office for more information on Homeowner’s Insurance and the implications of a Comprehensive Loss Underwriting Exchange Report.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
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