Consult your insurance broker before purchasing your home to ensure coverage and premium costs on your homeowners insurance policy are available & satisfactory to you. Check out our article on “Homeowner’s Insurance Coverage” for a list of items that may ring alarm bells with some insurance companies, for example, issue concerning:
- Fireplaces / Wood Stoves / Chimneys
- Stairways / Walkways (potential trip / fall hazard)
- Insects & Vermin
- Grow houses (marijuana operation)
- Income / rental properties
- Your credit rating
Play it safe when buying a home. Make “Offer to Purchase” conditional on obtaining the insurance you want for your home.