{"id":14917,"date":"2020-03-06T10:02:31","date_gmt":"2020-03-06T18:02:31","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=14917"},"modified":"2020-03-06T10:02:31","modified_gmt":"2020-03-06T18:02:31","slug":"buyer-how-to-get-home-insurance-quotes","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/buyer-how-to-get-home-insurance-quotes\/","title":{"rendered":"I\u2019m Buying A House: How Do I Get Home Insurance Quotes?"},"content":{"rendered":"

If you\u2019ve never bought a house before, you might not know how to get home insurance quotes. Just like auto insurance pays out if you\u2019re in an accident, homeowners insurance<\/a> pays out if something happens to your house. If a windstorm blows shingles off your roof, or a tree falls on your garage, your homeowners insurance helps you pay for repairs.<\/p>\n

A home is often your biggest investment, and you\u2019ll want to make sure you have a policy in place to protect it \u2014 not to mention, if you have a mortgage loan<\/a>, your lender will require you to carry insurance. This includes appropriate coverage amounts and premiums you can afford. There\u2019s more that goes into picking an insurance provider than price, though.<\/p>\n

According to Cory Brandt<\/a>, an experienced agent in the Sammamish, Washington, area, when shopping for home insurance, \u201cOne common misconception people have is that they make it all about price. Think about the overall relationship with an agent or insurer. It\u2019s good to have an advocate on your side.\u201d<\/p>\n

With so much to think about when picking a home insurance policy, it can get overwhelming. Here\u2019s a breakdown of everything you need to know about how to get home insurance quotes.<\/p>\n

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Source: (Philipp Lansing \/ Unsplash)<\/figcaption><\/figure>\n

How do I get home insurance quotes?<\/h2>\n

Before going out to get home insurance quotes, you\u2019ll need to determine the level and type of coverage you need. Your homeowners insurance policy should cover your home\u2019s value and its replacement cost. It should also protect against any risks that the structure, outbuildings, or your geographic area present.<\/p>\n

Homeowners insurance: The basics<\/h2>\n

Mortgage lenders require that you carry homeowners insurance on your house. If you\u2019re financing your purchase, you\u2019ll need proof of insurance before the closing<\/a>. This is because your home serves as collateral for the mortgage loan. Lenders want to make sure the home is fully insured to protect the home’s value, should anything happen.<\/p>\n

If you pay cash for your residence<\/a>, it\u2019s still a good idea to have insurance. Accidents happen, windstorms damage roofs, and even if you had the money to buy your home outright, that doesn\u2019t mean you\u2019d have the money to replace it if something were to happen to it.<\/p>\n

All homeowners need some type of insurance, so you will need to know how to get home insurance quotes.<\/p>\n

Types of homeowners insurance<\/h3>\n

There are three different types of homeowners insurance. The best option for you will provide the necessary coverage to protect your investment with a reasonable premium<\/a> and affordable deductible.<\/p>\n

Comprehensive HO-5<\/h4>\n

The highest level of coverage, HO-5, or an \u201copen perils\u201d policy, insures your house and personal property, includes liability protection, and covers medical payments unless the policy specifically excludes something. It consists of the following clauses:<\/p>\n