5 Important Insurance Tips When Moving
- Upon Signing the Purchase and Sale Agreement: Contact Baldwin/W&P for an insurance quote. Be ready with: your new home’s address, square footage, year built, and years of updates to wiring, plumbing, heating, and the roof.
- Decide on Coverage: Your experienced agent will help you make decisions about your insurance needs (including special coverage for jewelry, earthquake, and flood), and provide you with a detailed proposal.
- Closing: Provide your agent with the mortgage bank’s closing attorney or mortgage broker’s contact information. Your agent will prepare the insurance documentation and provide it to the bank’s attorney for review prior to closing.
- Cancel Previous Insurance: If your former home is not yet sold at the time of relocation, discuss with your prior insurer how vacancy may affect your coverage.
- Moving: Check with your mover to make sure that you have coverage for personal belongings in transit.
