10 STEPS TO BUYING A HOME IN MAINE
Homeowner's Insurance - Step #8
Congratulations! You found a home that you love, made an offer that was accepted, did your inspections and now you are packing up with dreams of your new home in your mind. In the midst of the daydreams, don't forget to obtain homeowner's insurance on your new purchase!
If you are financing your property, your lender will require that you have a policy in place before closing. It is a good idea to get quotes from several companies before making your final decision. Check to be sure you are being offered comparable coverage at each company. Once you choose the company you want to use, they will need some information about your new home. Having the disclosures you received for the property with you, will make answering the questions easier!
The company you choose will provide you with an insurance "binder" that you will need to provide to you lender before you can close. The lender will let you know when they need that, but be prepared so you have time to shop around and choose the right coverage and company to meet your needs without being rushed! After all...you need to finish packing!
