The role of home insurance in real estate deals
When buying a home, it’s easy to get caught up in inspections, mortgage approvals, and closing costs. But one essential piece that often flies under the radar is home insurance . While it may seem like just another requirement on the checklist, home insurance plays a critical role in protecting your investment and making sure your real estate deal goes through smoothly. Here’s what you need to know about the role of home insurance in real estate transactions: 🛡️ 1. It Protects Your Biggest Investment A home is likely the largest purchase you’ll ever make. Homeowners insurance provides financial protection against: Fire and storm damage Theft and vandalism Liability if someone is injured on your property Certain natural disasters (depending on coverage) Without it, one unexpected event could turn your investment into a financial disaster. 🏦 2. It’s Required by Most Mortgage Lenders If you’re financing your home with a mortgage, your lender will require proo...

Comments
Post a Comment