3 Things to Know About Buying Homeowners Insurance

3 Things to Know About Buying Homeowners Insurance

When you’re buying a home for sale on 30A, you’ll most likely need to get homeowners insurance at the same time. If you’re using a mortgage, your lender will require it – but even if you’re paying cash, this type of insurance can help protect you against a total loss.

Before you buy a policy, though, here’s what you need to know.

3 Things to Know About Buying Homeowners Insurance

When you start policy-shopping, keep in mind:

  • Your home’s location will play a big role in pricing and coverage
  • Flood insurance is typically a separate policy
  • You may need extra liability coverage if you buy a home with a pool

Location, Pricing and Coverage

The location of the home you buy will have a big impact on the cost of insurance – and even the types of policies available. Homes that are near fire departments may be less costly to insure and those that are closer to the shore may cost more.

Flood Insurance

Flood insurance isn’t typically part of a standard home insurance policy. That means you’ll have to pay for it separately, and it can be pretty pricey – and the closer you are to the shore, the higher your premiums may be. However, every case (and every home) is different, so you’ll want to call around and get multiple quotes from different companies before you settle on a policy.

Extra Liability Coverage for Homes With Swimming Pools

People who buy homes with swimming pools often consider buying extra liability insurance. Liability insurance is part of a policy that can help pay court costs and other expenses if the court finds you responsible for an accident in your pool (or elsewhere in your home).

Are You Buying a Home Along 30A?

If you’re thinking about buying a home for sale on 30A, we can help you. Call us at 850-213-3048 to tell us what you’re looking for – we can help you find it.

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