Before you head into closing, you’ll need to find time to focus on a question that seems scary: how do you protect your home before (and every day after) you move in? There are many options out there and the decision can feel overwhelming but we’ll help you pick the right type and amount of insurance for you, your home, and your peace of mind.
When you buy homeowner’s insurance, you can choose to insure for the cash value of the covered item (likely less than you paid) or the replacement cost. Replacement is more expensive coverage, but you’ll know that you can totally replace anything you file a claim for.
Yes, in addition to closing on your new home you also have to prepare for a move! If you need a jumpstart, Keep has great a moving checklist that makes it easier to know you’re on top of everything. You’d be surprised how much there is to think about when moving!
A deductible is a term that refers to the amount of money you have to pay yourself before your homeowner’s insurance kicks-in to cover the cost of your claim. Generally, the higher your deductible is, the lower your monthly premium will be.
This will sound like an extra chore, but can be worth it: packing is the perfect time to create an inventory of your belongings and their values. It’s an incredibly helpful when deciding how much homeowner’s insurance you need.
Get a handle on inspection, insurance, closing, and other costs, so you’ll know how much to save, what’s typical, and when to negotiate. The Framework Homebuyer Education Course guides every step of your journey toward buying and owning a home. Find trusted courses, resources, and tools.