Notes on Homeowners Insurance

C.L.U.E.

While all insurance companies check credit reports for auto insurance, not all do for homeowners.  Shop around and ask!  All companies do check loss reports.  Loss report records are kept in the database for five years. When I asked if the local State Farm office had encountered many homes that were not insurable because of loss history, the answer was no. When asked if any had been denied, the answer was yes. BE SURE YOU CAN SECURE HOMEOWNERS INSURANCE LONG BEFORE CLOSING ON YOUR NEW HOME. I make it a contingency of the contract for my clients.  In a worst case scenario, there is a state program for homes that do not qualify for typical insurance programs, however, its coverage is not as comprehensive.

My conversation with Sara Donaldson reinforced how important it is to work with a professional in any field who listens, is experienced and knowledgeable. 

Written by:  Realtor Mari Trosclair, Piedmont Preferred Realty, Inc.