Buying Your First Home in Nashville? Homeowner’s Insurance – the 6th Step
STEP ONE of this series for the first time home buyer in the greater Nashville area was about finding a lender and getting yourself pre-approved for a loan (if you aren’t going to pay cash).
STEP TWO of this series for the first time home buyer in the greater Nashville area is how to select a realtor.
STEP THREE of this series for the first time home buyer in the greater Nashville area is finding, viewing and selecting your home.
STEP FOUR of this series for the first time home buyer in the greater Nashville area is making an offer.
STEP FIVE of this series for the first time home buyer in the greater Nashville area is the home inspection process.
If you have been following this series, then by now you practically have ONE FOOT IN THE DOOR OF YOUR NEW HOME!!!! (Figuratively speaking, of course)…
After removing the home inspection contingency, then it’s time to select an insurance company to ensure your new home. Shop around several different companies and find out which one would best suit your needs.
There are basically two large coverage pieces to any homeowner’s insurance policy:
- The home itself. How much would it cost you to rebuild your home should it be completely destroyed [for whatever reason]? This amount needs to be covered in the insurance policy.
- The items that you have inside your home. These would be items of value such as furniture, jewelry, art, instruments and other belongings of value.
Insurance is a tricky subject – you really have to read through the outline of the policies. READ THAT FINE PRINT. You don’t want to be left holding the bag should something devastating happen.
And, from my own blog, other posts on in-depth coverage:
There are also ways to keep your homeowner’s insurance to a minimum. Here is a link on 12 ways to save money.
This is a fairly brief step online, but can be quite time intensive, so after finishing the home inspection, go ahead and get started on your calls to insurance companies!!