Answers (4)
- Nate Allen, "Crane Real Estate"
- Contributions:33
I am surprised that you are in escrow and have not been guided through the process of selecting insurance yet.
Yes, you should make sure that the property is insurable (and at a premium that you are satisfied with) before you release all your contingencies.
Yes, you should get several quotes from different insurance agents, but, not all quotes are the same. It has been my experience that the cheapest policy quote is not always the best. Truly understanding the Insurance Policy you are considering can take a considerable amount of time. I would recommend asking questions until you are satisfied before you sign.
Good Luck.
- Trang Beuschlein, "HomesInSiliconValley"
- Contributions:126
I'd also recommend that you find an insurance agent and get a quote before you remove your contingencies. If there have been insurance claims filed in the last 5 years, some insurance companies may not insure the home or insure it at a higher cost to you. So please make sure to confirm with the agent that they will insure the home before removing your contingencies.
- Linda555
- Contributions:1
I just purchased a house too.This is where I got my insurance from.They were the cheapest.Home insurance
call a few insurance agents and get estimates... You should be doing this anyways, title will want to know what insurance company and agent you picked.
My house is in escrow how much my insurance will be?
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