Buying a new home? Factor insurance issues and costs in your planning


As the economy eases and the real estate market shows signs of revival, many people whose home buying plans were on hold are now beginning to look around. If buying a new home or vacation property is on your agenda, the Insurance Information Institute (III) has some advice for you: make insurance considerations an important part of your home buying process. In addition to looking at considerations such as location, neighborhood, and home features, you need to do a risk assessment of the home and property so you don’t find yourself owning something with some unpleasant surprises down the line.
For a quick overview of issues and considerations that you should be thinking of, see III’s Home Buyer’s Insurance Checklist and short video on the topic: