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: