My insurance agent warned me
My insurance agent warned me about potential problems a house might still have is not a common story you hear about. Why? Buyers usually wait until later to call the insurance company for a quote on the home so they can move forward and close on the house. As part of my buyer stategy for preparing clients I suggest they make a quick phone call to their insurance agent and ask if the home has a history. Home owners insurance agents are glad to do this and it only takes a short time. Valuable information such as past claims on damages that occured in the property can be discovered. For more on home owners insurance I’ve included a video by “Two Mortgage Guys” below with a guest speaker on the topic.
Home Owners’ Insurance
Home owners’ insurance should be among your top priorities when searching for a home. Your monthly payment will be determined by many factors. Be sure to shop around for an insurance provider with a good rating and the coverage you need. Don’t forget to consult with your insurance company early when you find a home. Your insurance company can tell you if there have been any recent claims on a home that could effect your decision to make the purchase. Also a big concern for the San Antonio area is flooding. We have flood zones all over and they do change from time to time. Flood insurance is not included in a regular policy and can be very expensive.
Current home owners can also benefit by shopping around since rates change every year and switching companies can save. In fact I’m going to switch my policy this year. Yikes! I’ve been over paying.
Visit The Texas Department of Insurance to compare companies
Krishna Perkins
