Insurance Blog

I am closing on a home on 9.26 and was told to purchase homeowners Insurance. It is my first home and I am not sure what I should be asking and/or looking for in a carrier. I live in Minneapolis, MN if that helps at all.

Do you have a real estate agent? They should be able to offer some suggestions for you. Maybe you mortgage lender could recommend an insurance company too.
You could contact the mainstream insurance companies like Geico or State Farm (do a web search for their websites), they offer Homeowners Insurance. You might even be able to get a quote by filling out your information online, if not, just get their phone number off the website and give them a call. If this is your first time, you might want to get a few different quotes. It’s similar to automobile insurance, you have a deductible and a coverage amount. They will give you a quote on standard policy amounts but you can change those amounts (higher or lower) if you want to. The amount to rebuild will be X amount of dollars, the amount to replace your contents….well you will need to estimate that. It’s not as confusing as you might think and most of the time, if you let them know it’s your first home purchase, they explain everything really well. Hope this helps…..

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