Home Inspection And Home Insurance
The closing process when buying a house can be one of the most exciting parts of the real estate process. As your lender gets ready to close the loan, there are a couple of steps that you need to take to get your house ready, including getting a home inspection and starting to shop for a homeowners insurance policy.
A home inspection is meant to ensure that you do not buy a house that has serious issues that were previously known. Your purchase offer for the house should be contingent on the home inspection report so that if there are any major, expensive issues, you are able to walk away from the sale without facing any penalty. There are several main areas of the house that will be inspected, including the plumbing, windows, doors, heating, roof, pests, cooling, siding, and electrical systems. Home inspections can cost up to $500, but will help to give you the peace of mind that you deserve when making a huge financial investment.
After your home inspection comes back and you continue to move forward with the purchase of the house, you will need a homeowners insurance policy to protect your new investment. There are two main types of home insurance policies to look into – a cash value policy and a replacement cost policy. With a cash value policy, your house and all of your belongings will be covered for their market value, which means you will only receive a payout for the depreciated cost. Replacement cost policies will provide coverage for the current cost to replace any destroyed items. While replacement costs are more expensive, it will provide complete coverage in case you have to rebuild your house after a disaster.
When looking for the right home insurance in Yorba Linda, California to protect your new house, contact Bisson Insurance Services.
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