Do I need to purchase homeowner’s insurance?

As with your other most valued possessions, you will want to protect your new home with homeowner’s insurance. A comprehensive homeowner's insurance policy provides coverage for the following:

• Fire damage
• Water damage
• Personal possessions
• Personal liability
• Vandalism
• Theft
• Loss of use of the house

If you are taking out a loan for your western Washington home purchase, your lender will require you purchase a minimum of basic hazard insurance, which will fund the cost to rebuild your home in case of a disaster. It is a good idea to contact your insurance agent early on in the home-buying process. He or she will guide you on coverage and quote the rates and terms of your homeowner’s insurance policy.

If you need other guidance or resources, turn to your Coldwell Banker Bain Realtor who will be help in any way, including putting you in touch with the appropriate professionals.  
 
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Seattle Eastside Realtors, Buying A Home in Western Washington