Buying your first home in Utah is exciting, and the insurance piece does not have to be confusing. Here is a plain-English starter guide so you walk into closing prepared.
Why you need it before closing
Your mortgage lender will require proof of homeowners insurance before they fund the loan, so you will need a policy in place by your closing date. Start shopping a couple of weeks early so you are not rushed.
What a homeowners policy covers
- Dwelling: the structure of your home itself.
- Other structures: detached garages, sheds, and fences.
- Personal property: your furniture, electronics, and belongings.
- Liability: protection if someone is injured on your property.
- Loss of use: living costs if a covered event makes your home unlivable.
First-time buyer tips
- Insure for the cost to rebuild, not the price you paid.
- Bundle with your auto policy for a discount.
- Ask about new-home and security-system discounts.
- Understand your deductible before you need to file a claim.
Ready to protect your first home? Learn more about home insurance or start a free quote today.