Profile picture for v.signorelli

Is it necessary to have home owner insurance at time of purchase ?

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 29 2011 - Riviera Beach
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (13)

If there is a mortage, then yes.  If you are buying for cash, then no, but get it ASAP after closing.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 25 2011
Since buying a home is the largest investment most of us will make in our lifetime, insuring the home is criticial. Lenders require it on home purchases and you wouldn't want to own a home with it. The best way to protect your investment is to insure it. Thank you for your question.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 29 2011

If you are financing the property, I am unaware of any lender who will finance the home without the purchase of homeowner's insurance by the buyer.  If you pay cash, you are not mandated to purchase it.  But it would be extremely irresponsible to do that for obvious reasons.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 29 2011
Profile picture for the_country_hick
Not having insurance at the time of purchase is foolish. What happens if 15 minutes after you sign the papers the house burns down? You would lose a lot of money.

Find your own agent. Get your own policy. Then have the policy in effect 12:01 a.m. the day of closing. That way there is no way the insurance company can say you were not covered on the day of purchase because the insurance policy went into effect before you bought it and the place could have burned down 15 minutes before the policy went into effect.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 29 2011
Yes, if you are purchasing with a loan in place. Not necessary but definately recommended if purchasing with cash.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 29 2011
Yes, if you are financing the purchase.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 29 2011
even if you are paying cash, please get insurance:)
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 29 2011
If you are purchasing the property outright, without loans, then it is up to you, though highly recommended.

It is prudent, however, to work with an insurance agent of your choosing early in the purchase process to advise you on the insurability of the property.   In this way there won't be any last minute unpleasant surprises as to premium costs or previous claim issues.   Serious issues may be cause for you to reconsider your purchase.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 29 2011
Profile picture for sunnyview
Yes. If you have a mortgage, they will require a policy in place before they close. No, if you are paying all cash for the property. Whether you buy with a mortgage or without one, you can still choose your own agent and insurance company.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 29 2011
If you are paying cash, it is not required to close... although it is advisable to always have insurance on your home. And you can always choose your own insurance agent.

Thanks!
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 29 2011
Profile picture for wetdawgs
Even when purchasing with a loan, one can chose their own insurance agent.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 29 2011
Profile picture for v.signorelli
I paln to make a cash purchase, and only want to find my own ins,.agent.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 29 2011
Profile picture for wetdawgs
If you are purchasing using a loan of any type, the lender will require that you have home owner insurance.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 29 2011
 
Related Questions
Do you know the criteria for an FHA Loan?
Profile picture for Joshua Lerette
Latest answer by Joshua Lerette
October 04 2013 | 2 answers
zestimate for MLS#R3356386,seawinds, singer island
Profile picture for user86581438
Latest answer by user86581438
July 27 2013 | 4 answers
who do i contact?interested
Profile picture for Andrew Yanni
Latest answer by Andrew Yanni
June 27 2013 | 1 answers
Is it necessary to have home owner insurance at time of purchase ?
Profile picture for Mark LeMenager
Latest answer by Mark LeMenager
October 25 2011 | 13 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 2555 Inisbrook Rd, West Palm Beach, FL Home For Sale
    2555 Inisbrook Rd, West Palm Beach, FL 33407

     For Sale: $90,000

    • Beds: 3
    • Sqft: 1459
    • Baths: 2.0
    • Lot: 7405
  2. 1130 Gulfstream Way, Riviera Beach, FL Home For Sale
    1130 Gulfstream Way, Riviera Beach, FL 33404

     For Sale: $575,000

    • Beds: 3
    • Sqft: 1894
    • Baths: 2.0
    • Lot: 10999
  3. 5380 N Ocean Dr APT 7A, Riviera Beach, FL Home For Sale
    5380 N Ocean Dr APT 7A, Riviera Beach, FL 33404

     For Sale: $440,000

    • Beds: 2
    • Sqft: 2030
    • Baths: 2.0
    • Lot: --