Insurance Protection For Your New Humble Abode
Will you be spending this summer moving into your beautiful new humble abode? We understand how much you have on your plate right now with planning for the big move and decorating your new house, which is why we have gathered a few helpful pointers for ensuring adequate homeowners insurance coverage for your dream home. Homeowners, it is extremely important that you do not overlook the importance of these insurance requirements associated with moving:
- Despite common misconception, you cannot just transfer your existing home insurance in Astoria, New York to cover your new home. In most cases, you can remain with the same insurance carrier, but you will need to obtain a policy that exclusively covers your new property.
- If you are moving out of state, it is important that you discuss this big move with your homeowners insurance agent ahead of time so that you can see if they will still offer you coverage. Since insurance requirements vary across state lines, you may need to start researching a new company to hold your homeowners insurance with.
- In nearly all cases, proof of homeowners insurance is required at closing during the real estate transaction. By figuring out all insurance related inquiries ahead of time, you can avoid delayed closing and seek the protection you deserve.
- If either home will be vacant for a short period of time, you will need to discuss the property’s vulnerability with your homeowners insurance agent. They will help you determine the most appropriate date to discontinue your coverage so that you are not vulnerable during any vacant periods.