Obtain Insurance

Homeowner's insurance is hazard insurance plus liability and contents coverage for the owner.  All homeowners should have homeowner's insurance

• Seek insurance for a property as soon as you have a ratified contract.  

• Your lender will require that you keep the property insured against damage or destruction.  

• Your policy must be paid for and a binder issued prior to settlement.  This information must be received by your lender prior to loan funding.

• If you are purchasing a condominium, a master policy of the Property Owners Association (POA) will cover the structure of the building on behalf of you and your lender.  This is paid through your POA fees.  Please be aware that this master policy coverage does not cover liability, interior contents, or other unit damage caused within your unit.

Please speak with your insurance agent to discuss the right insurance coverage for you.