I cannot tell you how often new home buyers ask whether or not insurance can be included in their closing costs. So, as a general rule, yes, it can, but there are a few things you should address. Since buying a home can be complicated, plus, you know, juggling the requirements of your lender, the title company, and the Escrow agent can be a complete headache.

The best way to start is to ask the company doing your financing what their insurance requirements are. Some banks want a full year of homeowner’s insurance and some only want 6 months, so it varies honestly.

Next, you have to find out if you can have your insurance paid out of your escrow account. That way, Your bank can actually handle the payments for you, which is great, but before you make any final decisions, it is always a good idea to talk to your insurance agent and make sure that everything is set up correctly.

Then once your financing is all established, then your homeowner’s insurance policy will activate and you’ll be covered, and then you can focus on enjoying your new happy home.

We’d be happy to review your insurance coverage options with you! Give us a call at (317) 751-5001 or visit https://gjinsurancegroup.com.