It is almost inevitable that when purchasing a new home the homeowner will be required to also purchase a home insurance policy. Many mortgage companies who are granting the mortgage loan will require that proof of the Homeowners insurance policy be shown before the closing on the house. This ensures that their investment into that home is safe in case of damage or destruction.
There are an overwhelming number of Homeowners insurance companies to choose from, making it difficult to determine what is right for you and your home. Many mortgage companies will suggest a Homeowners insurance company that they work in conjunction with, but this does not mean you have to use that insurance company to cover your home insurance needs.
Before jumping in and accepting the first quote that comes along, it is best to call around to a few different insurance companies and see which coverage plan is right for you, since different companies will offer different plans and different discounts.
The first thing you should ask about when determining which insurance company to use is whether they offer special discounts. Depending on the company you may find discounts ranging...