If you’re moving homes, be sure to maintain your home insurance during the switch.

Spring has sprung in Elk River, Minnesota, leading to homeowners putting their home on the market, scheduled home renovations, and plenty of deals closing. Before you get swept away during the packing, planning, and paperwork, don’t forget about your homeowners insurance.

Now, more than ever, is the time to ensure that you have your homeowners insurance coverage maintained – and for the correct house! If you’ve exchanged keys but have not switched your homeowners insurance policy, should your home suffer a small fire or theft, you’ll be left with hefty expenses and replacing your belongings.

Timing is Everything
Ideally, call your home insurer before you put an offer in on a house. The insurer will be able to discuss the cost of insurance and some risks that you may face in buying that new home. The aim is to cancel the old policy on the data that you no longer have ownership of the property and start the new policy on the date that you have ownership of the new home.

As with any move – it is likely that your closing date will get pushed back. Most insurance companies will contact the homeowners after the closing to make sure that the house has actually closed.

Mortgage Policies
In most cases, mortgage companies may request certain conditions in connection with the policy. Contacting your insurer early can also make sure that you don’t experience any setbacks with the lender.

To ensure that your home, belongings, and finances are protected during the move and beyond, contact the insurance professionals at North Central Insurance in Elk River, Minnesota to secure your homeowners insurance policy today.