If you’re buying a new home, you’ll need to purchase homeowners insurance. Your lender will most likely require it if you’re using a mortgage loan to buy the home, and even if you’re buying with cash, you may want to have insurance to protect you from unexpected expenses.
Homeowners Insurance: What You Need to Know
Not all homeowners insurance policies are created equal. Different policies cover different issues, and you’ll need a separate flood insurance policy if you’re in a flood-prone area because standard policies don’t cover that.
Some insurance policies cover:
- Natural disasters
- Theft
- Fire
- Vandalism
You need to have an insurance policy in place before any of these things happen, which means you need to shop for a policy that covers all your worst-case scenarios.
Some homeowners insurance policies also cover lawsuit liability. That means if someone’s legally on your property and gets injured, your insurance policy may be able to kick in and pay if you get sued.
How to Find Homeowners Insurance
Even if your lender requires you to buy homeowners insurance, you are free to buy it from any insurance company. It’s a good idea to shop around by calling several insurance companies to see what types of coverage they offer – and remember, you’re not limited to big, national companies. There are a few local insurance companies here in Lake City that you can call, including:
(These aren’t endorsements – they’re just links to local companies you may find useful.)
Do You Need to Talk to a Lake City Realtor® About Buying a Home?
Whether you’re buying a house, a farm, or a tract of timberland, we can help you find something that’s just right for your needs.
Call us at 386-243-0124 or contact us online. We may be able to help you find the perfect property in Lake City or the surrounding communities.
In the meantime, check out our:
