What First-Time Homebuyers Should Know About Insurance

​Buying your first home?

​Here’s what every first-time homebuyer in Texas, Kansas, and Missouri should know about homeowners insurance before closing.

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Homeownership Starts with the Right Protection
​Buying your first home is a major milestone—and a big financial step. But while you're focused on interest rates, inspections, and appraisals, don’t overlook a crucial part of the process: homeowners insurance.

Lenders require it. But more importantly, it protects your new investment from risks like fire, storm damage, and theft.

Here’s what first-time buyers in Texas, Kansas, and Missouri need to know.

✅ 1. You Can Shop for Coverage (And You Should)
You’re not locked into the insurance provider your lender or realtor suggests. In fact, shopping for homeowners insurance can help you:

• Save on premiums
• Customize your deductibles and limits
• Bundle with auto or life insurance

At Corin Insurance, we work with multiple carriers—including Allstate, Safeco, and Progressive—to find the best fit for your home and location.

✅ 2. Understand What’s Covered
Most standard policies (HO-3) cover:

• Dwelling: Repairs to your home from fire, wind, hail, or vandalism
• Other structures: Detached garage, shed, or fence
• Personal property: Furniture, electronics, clothes
• Liability: If someone gets injured on your property
• Loss of use: Hotel stays and meals if your home is unlivable after a covered loss

✅ 3. Know What’s Not Covered
Common exclusions:

• Flood damage (requires separate flood insurance)
• Earthquakes (coverage available by endorsement)
• Maintenance issues (mold, rot, pests)
• Sewer backup (can be added by endorsement)

Ask your agent about filling these gaps before they become costly.

✅ 4. Be Ready for an Insurance Inspection
​After closing, your insurer may send someone to inspect the property to verify:

• Roof condition
• Electrical and plumbing systems
• Fire safety (e.g., smoke detectors, fire extinguishers)

Issues can result in higher premiums or even policy cancellation if undisclosed problems are found.

✅ 5. Credit and Claims History Matter
Insurers often use:

• Your credit score (insurance score)
• Your CLUE report (claims history)
  Both can affect pricing and eligibility—especially if the home has had prior insurance claims.

💡 Pro Tip:Bundle your auto and home policies to save. In many cases, bundling can reduce your premiums by up to 25%.

Disclaimer: This article is for educational purposes only and does not guarantee coverage. Terms vary by policy, carrier, and state. Please speak with a licensed Corin Insurance advisor before making any insurance decisions.