3 Questions to Ask When Buying a Home

Purchasing a new home is one of the largest investments you most likely make in your lifetime.  While it is an exciting time, it can also be extremely overwhelming.  Now that you have found your dream home, there are many additional factors to consider.  Let’s be honest, finding the right insurance with a reputable company is not the first thing that comes to mind while buying your new home, but it is a crucial part of the process. Alas, bubbler. has you covered!  Follow this guide to help simplify the insurance process when buying a home:

  1. Do I need home insurance prior to closing? The only situation that home insurance will not be required prior to closing is when you are purchasing your new home in cash.  Insurance is still vital in this scenario, but is not required for purchase.  If you are like most and taking out a mortgage, your broker/lender will require insurance to be purchased prior to closing.  In many cases, you will need to provide proof that you have paid for a year’s worth of insurance coverage before a lender will consider closing.
  2. What does “escrowing” insurance mean? Since a year’s worth of coverage is required to close on a new home, so is the year’s worth of insurance premiums.  Escrowing your home insurance means that your lender/broker will pay for your insurance costs up front and you will make monthly payment to the mortgage company that are included in your house payment.
  3. How do I lower insurance costs on my new home? We have written an entire guide on this topic!  There are many ways you can lower home insurance costs that do no involve compromising your coverage.  Click here to read how!