Referral or Policy
April 1st, 2009 -- Posted in coverage, home buyer, homeowner, mortgage, purchase, realtor, referral | No Comments »Are you purchasing homeowner insurance when you buy a house?
Most new home buyers are NOT buying homeowner insurance… That statement may be a bit over the edge. Reality: The homeowner is paying for a policy and getting coverage required by the mortgage company but the home buyer is not personally purchasing their policy and not all insurance is equal. The coverage provided in a policy has the ability to be positioned for the owner and not the home.
A realtor wanting to sell a home, buys a home for the homeowner… Hum.. That seems strange. What are the chances the realtor will find the home, colors, location, etc. that meet the buyer’s need?
Too many homeowners are never talking to the insurance company and more importantly, they are signing an application at closing never knowing what information was incorporated into the application and validating the information is correct.
Mortgage companies provide a good service of providing referrals.
Realtors provide a good service of providing referrals.
Make sure the REFERRAL is just that and not a policy. Consider the following:
- Talk to the insurance agent
- Get an alternate quote
- Understand the coverage
- Ask questions about what the policy covers
- Ask questions about what the policy does NOT cover
- See the application and sign the application for insurance PRIOR to closing
The list is longer and I’ll consider writing more later. When you are provided a referral, consider giving us a call to to provide an alternate solution. Our services are more than insurance.
Our phone number is: 1-877-MattLocke or 678-682-9700
