Many people only consider homeowners insurance after they purchase a house. After all, the most important thing for them is to find a place that they love. After they move in, they can get a free home insurance quote and decide on a policy that’s right for them.
Too often, these people find out after the fact that they are going to be stuck paying high premiums every month because of the house they purchased. This could be because of the neighborhood they chose to live in – some urban areas are considered to be such high-risk places that private insurance plans won’t cover people living in them. Other factors can be as simple as if the home has had the electrical system redone recently or if the area has a professional or volunteer fire department.
Before buying a home, a prospective homeowner is wise to purchase a CLUE (Comprehensive Loss Underwriting Exchange) report on the home. This will provide them with a range of valuable information that can give them an idea of how cheap or expensive home owner insurance might be for that particular property.