BRZ's Home Insurance for homebuyers is
an easy way to protect property
In part-one of this post for
homeowners policy guide for first-
time buyers, we looked at the 6
types of property coverage that one
can include or exclude of named
perils in customizing their policy.
The Massachusetts Department of Insurance
writes that underwriting guidelines of
homeowners insurance differs from company to
company or check out the insurance carriers
such as Allianz, Allstate, Liberty Mutual, State
Farm to learn more information about the
different homeowners' guidelines.
You have been saving up for a while,
scouted different areas, checked public
school system ratings, mapped out
potential commute routes, and
attended dozens of open houses in
order to finally make an offer to
purchase your very own house.
As you await the next step in
your journey towards
homeownership, here are a few
things you should consider
when purchasing homeowners
insurance for your property:
1 - Have knowledge of
what you're dealing with
Take a homeowners course, such as Freddie
Mac’s CreditSmart Steps to Homeownership,
in order to familiarize yourself with all relevant
financial terminology and the different
conditions and terms that may apply to your
mortgage so that you are confident in all the
decisions you make.
2 - Be cautious with you
"insurance score"
Very similarly to your credit
score, your insurance score can
have a meaningful impact on
your policy premium or even
whether certain carriers will
agree to insure you.
3 - Consider what type of
property you will buy
An accurate homeowners insurance
quote should reflect the type of dwelling
as well as its use. Condo insurance will
probably be more appropriate specifically
for a condo while you may need to
consider landlord insurance if you plan on
leasing your property.
Contact Us At:
brzinsurance.com or
508-603-6777