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Homeowner’s Insurance, do we need it? When should we look for an insurance agent or a broker?

 


Homeowners insurance is an important document needed to close a home in the Capital Region, NY.  Lenders will require the buyers to purchase a homeowner’s insurance policy before closing (before clearing the mortgage to close).  Depending on the area where you purchase your home, it can be a deal breaker… ; and therefore, it would be advisable to look into a good local insurance broker before looking around for a home!

In this fast moving seller’s market climate, buyers don’t often have a lot of time to look for professionals they would need once the contract has been accepted!  Did you know that insurance has become more and more important because of the climate change that we are experiencing globally?:  “Insurance has gone from a transaction detail to a primary burden in the real estate industry” (Realtor, Winter 2024).  Capital Region NY is not a hurricane prone zone as in Florida or wild forest fires as in California, it would still be wise to have a knowledgeable insurance broker on your side, especially if you are buying a home in the “flood zone” or in other  disaster-prone areas that may affect insurability of the property.  A good realtor with an extensive network of professionals should be able to help you! 

 Wish you good luck in your real estate journey,

Young Jin Chun

Licensed Real Estate Salesperson

Sinkoff Realty Group

Email: YoungJin@SinkoffRealtyGroup.com

Website: www.SinkoffRealtyGroup.com

Cell: (518)728-6591


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