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The Importance of Homeowner's Insurance When Purchasing a Home
Today I have Gabriel Kutkowski from Farmer's Insurance Group to tell us about the importance of homeowner's insurance.Home owner's insurance protects the property of the insured from specified losses due to fire, hail, floods, hurricanes, etc. While this insurance is not required by law, most mortgage lenders will require you to have insurance if you borrow money from them. Homeowner's insurance will not only protect you from disasters, but these insurance companies can also sometimes help to make your home more resistant to natural disasters.
One of the questions that Gabriel often gets asked is, "How much is my premium going to be?"
There is not a clear cut answer to this question, because there are a lot of factors that go into this. Some of the things that will affect your premium are: the type of house you're buying, where you're buying, if you're married, if you're bundling auto insurance with your mortgage, if you have a dog, if you have a swimming pool, etc.
These are a few of the things that Gabriel has to ask his clients in order to insure them properly. It's very difficult to say what a premium will actually be for a given individual simply because of all the factors that go into assigning home insurance.
So, if you're curious and want to know more about what your premium might look like, you can reach Gabriel at (626) 335-6700.
As always, I am always here to answer any questions you might have about Covina real estate. Whether you're buying, selling, or even thinking about getting involved in real estate, I am always here to help you.
You can reach me at (626) 643-0723 or shoot me an email at CC@CCandCO.net
Email Subject Line: What You Need to Know About Homeowner's Insurance
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