When do I need to get Home Owner’s Insurance?
Moving can be hectic and with so many factors to keep track of, little details can often fall by the wayside. Securing home owner’s insurance is one such task you never want to overlook, but when exactly do you need to purchase it and can you transfer over your current policy? Never fear, our Allstate insurance center in Hawthorne is here to answer all your questions and explain how home owner’s insurance works while moving!
When Is The Right Time To Purchase Allstate Home Owner’s Insurance In Hawthorne?
To ensure the process is easy and hassle-free, our expert Allstate insurance agents recommend contacting your insurer or agent for a new home owner’s insurance plan as soon as you make an offer on a new home. Doing so allows you to get a better sense of what your new policy will cost and learn if there are any requirements with the new home such as separate flood insurance.
Coverage on your old home will generally remain in effect until the final sale on your home is complete, as long as your premiums are paid off. When it comes time to make the switch, your local insurance agent can help you time the cancellation of your old home owner’s policy and the start of your new plan to ensure there’s no gap in coverage if your closing date is postponed.
Can I Transfer My Existing Home Owner’s Insurance To My New Home?
While Hawthorne homeowners can stay with the same insurer or agent when making the move to a new home, they will need to pick out a new Allstate home owner’s insurance policy. The reason being that their new home is a completely different property with varying risks, needs, and expenses, which may require different coverage than their previous home.
Relocating can certainly be exciting but the nailing down the right time to purchase home owner’s insurance for your new abode can be confusing. If you have any further questions about the process or would like to request an Allstate insurance quote, reach out to our knowledgeable agents at Sully Insurance Center today. We’d be more than happy to assist you and select the perfect Allstate home owner’s insurance plan for your unique needs!