Homeowners insurance guidance
What to look for in a policy, and why your lender requires one before closing.
Your lender will require proof of homeowners insurance before closing, since the home is now collateral for your loan. Get quotes from a few providers, and don't just compare price. Check what's actually covered (and what isn't, like flooding in many standard policies) and how the deductible affects your premium. The cheapest policy isn't always the best deal once you read the fine print.
This step is general educational guidance, not legal, financial, or real estate advice — your contract terms, deadlines, and local requirements always take precedence, so confirm specifics with your licensed professionals. Read our full disclaimer.