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Real Estate Proffessionals make a difference!
We want to thank you for your tremendous dedication to helping us find exactly what we wanted in a new home. We are confident that your personal involvement in our relocation from Chicago to Atlanta is what made the transition such a positive experience for us! As newcomers to the area, we relied on your expertise in many area - location, price, builder, closing attorney, mortgage company, insurance agent, etc. - and we are truly satisfied on all counts! Our experience is proof that when you work with the best, you get the best!
David and Molly Purdy
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First Time Buyers >Insuring Your Home
Many home buyers are concerned about whether they have an insurable interest in the property before the actual closing. The answer is an unqualified "yes". Although the buyer is not yet the recorded owner of the property, he or she has an insurable interest in the property as soon as the agreement of sale is executed by both the buyer and seller.
Should you get hazard insurance before the closing? It depends. Buyers do not usually insure a property until the title passes to them from the seller. However, it's wise to know what the agreement between you and the seller stipulates with regard to insurance.
Most agreements state that the property will be insured for a specific amount. This is very important to both parties. From the buyer's point of view, it is also critical that an adequate sum or full replacement value be stipulated. Watch out for agreements which read "as now insured". This is an all-too-common practice which usually indicates that the seller does not to want to increase inadequate insurance coverage.
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- NUMBER1EXPERT™ 
