How soon during the home closing process should I purchase insurance?

Answered by Home Insurance, Car Insurance Expert Alexah on January 15, 2021

Anonymous asked

I've never purchased a property before, so I don't know when insurance is supposed to come into play. When should I buy a policy?

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Alexah

Home Insurance, Car Insurance Expert

Most insurance companies will allow you to purchase homeowners insurance as early as 30 to 45 days before you close on the home, and as late as one day before closing. It’s a good idea to shop for homeowners quotes early in the home purchasing process so you have a plan in place. Once you get closer to your closing date, your lender will ask you to provide proof of insurance, which is when you’ll want to contact your agent to bind coverage.


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