When you are buying a house you are most likely looking for homeowner’s insurance policies at the same time. For one, it is simply a smart thing to do. But there is another reason. Many banks will require you to buy home insurance in order to get a mortgage.

The bank may require a minimum amount of insurance you are expected to purchase in order to be approved for a mortgage, so make sure you know what that figure is when you start your search. In most cases, the minimum amount the bank wants you to purchase is for the total amount of your mortgage. Remember, it is an investment for them as well.

Once you know what the bank requires for the mortgage, start getting free insurance quotes online from several providers. A good place to start doing this is QuoteScout.com. That way you can get quotes from several different providers and compare them. They can then guide you through the process of how to buy homeowner insurance.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Ask a Question

Not finding the advice and tips you need on this Home Insurance Tip Site? Request a Tip Now!

Guru Spotlight

Tammi Reynolds

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!