Buying a house is likely the biggest investment you’ll ever make, but it’s also uniquely vulnerable to flood, fire, and other threats. Homeowners insurance insulates you from the unexpected. Choosing the right policy for your situation can be intimidating, especially with all the options available. Meeting with an insurance agent before buying your home will help ensure you have all your bases covered on closing day.

Why You Should Consult With a Homeowners Insurance Agent Before Closing

1. Compare Prices

If you’re financing your home, the mortgage lender will probably require you to have insurance when the paperwork is signed. To make sure they have the proper coverage in time, many home buyers simply choose a policy and stick with it for years. Talking to insurance agents in advance will give you a chance to compare offerings from several different carriers so you can make an informed choice that will work for you long-term.

2. Review Coverage Needs

Mortgage lenders only require buyers to carry enough homeowners insurance to pay off the loan if something happens to the house, but will that be enough? What about coverage for your personal possessions and protection against liability claims? An insurance agent will review your financial situation and recommend policies that cover every aspect of your life.

3. Prepare for Total Loss

Many homeowners insurance claims are based on the retail value of the property, which may not be enough to rebuild if the structure is completely destroyed. After explaining your options for dealing with a total loss situation, your insurance agent will help you choose a policy that allows you to recover from a disaster.

If you’re buying a home in Alamance County, NC, the agents at Farm Bureau of Mebane-Caudill Agency have the resources and experience to help protect your most valuable asset. Jonathan Caudill, Alan Wilson, Jay Lee, and Eric Michaels are fully dedicated to providing personal attention and customized protection to every individual client. Recently the agency won the 2018 Readers Choice Award for Best Insurance Company in Mebane by the Mebane Enterprise. Call (919) 563-3276 or visit their website to get a quote on homeowners insurance today.