Home Insurance is important enough to take a few moments to understand how it relates to you and your real estate goals. It is a must have for all transactions. Here is what you need to know:
- The cost to reconstruct the home, your deductible, and your credit score are the key points that determine your annual premium
- A copy of the appraisal will be provided – Agent will use it to determine coverage
- Only need “Walls In” coverage for attached condos
- Your agent needs to get new loan information from us
- You will be required to pay the 1st year premium in advance
- We must have your declaration page two weeks prior to the closing date
- This is required to obtain the “clear to close” status on your loan
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