House Hunting and Your California Home Insurance
If you are in the market for your dream home while the housing market is at its low, be sure and follow these tips to ensure that your California home insurance is properly and specifically designed to cover all of your needs. Most bank lenders will not provide a mortgage without insurance coverage, so do be sure to obtain the proper coverage during the home buying process.
Before you start to look for a home (or if you are already in the process), search around for the lowest possible mortgage rate available. This takes planning and investigating, but if you plan to have your home for many years, it is worth it to find the very best deal. Depending on the area your home is in, your California home insurance carrier may offer different rates then you currently pay.
Investigate your credit rating and be sure your agent allows for the proper loan depending on your eligibility. Another great tip it to obtain a title insurance agent that will investigate the property and be sure that there are no leans or outstanding debts tied to the actual plot of land the home sits on. Legal matters can become attached to properties if any dispute between property owners arises.
Be sure to have your California home insurance agent get a quote or coverage recommendations for the area you are looking to purchase. Areas that are considered “fire zones” are deemed “uninsurable” with some carriers as well as much more expensive when you actually do find the coverage. Happy House Hunting!