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Insurance for New Homeowners

​​​​​​​New homeowners standing in their home with a set of keys

Last Updated: July 23, 2024​

The homebuying process can feel overwhelming: where to live, what type of home, what can I afford, applying for a mortgage, avoiding scammers in the home buying process​ ​​. On top of that, you also need to navigate your insurance​ options. Understand the insurance requirements and options when buying a house.​

Start with our Consumer’s Guide to Insurance Needs when Buying a Home​ and Insurance Terms to Know.


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Title insurance coverage guarantees the validity of a title​ to real and personal property. Buyers of property and mortgage lenders rely on title insurance coverage to protect them against losses from undiscovered defects in existence when the policy​ is issued.


Your home is a major investment along with all of your valued and valuable possessions. Homeowners insurance is money well spent if something goes wrong. 


Damage from flood is not covered by a standard homeowners policy.  Flash floods, severe storms, and downpours can happen at any time. Even if you’re not in a designated flooding area, consider additional coverage through National Flood Insurance Program (NFIP) or private insurers.  

If your property is in an area designated by Federal Emergency Management Agency (FEMA) as a Special Flood Hazard Area, and you have a federally regulated or insured mortgage, you are required to have flood insurance coverage.  


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​​​Resources​

​​​ Look Up an Agent/Company​​​​ ​​Look Up a Public Adjuster​Free Home Inventory App​Buying Insurance Online​Denials and Cancellations​​​​
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