Homeowners insurance is vital to have as it protects one of your biggest assets you will have throughout your life. Usually covering the amount of the loan, it is best to look at FULL REPLACEMENT cost of your home so in the event of a total loss you can rebuild the exact way you bought it or updated it. Offering a variety of coverages and endorsements, it can truly be customized to fit your needs and protect all that is important to you when it pertains to belongings.
For first time home buyers this is a very important piece that is often missed and overlooked. It is very important to give yourself time to work with an agent in making sure the policy will be taken care of in time of your closing or else you face a delay. If you hold any kind of loan on your property, a policy MUST be in force to receive said loan. Often, clients will bundle their Home with their Auto insurance to take advantage of extra discounts and make things easy.