Video — Is Homeowners Insurance Required To Close?

Homeowners insurance — or the paid receipt for it — is required at closing.

Shopping for insurance coverage, and comparing plans early in the home-purchase cycle can pay off. Insurance agents and representatives can be a terrific resource for information. They may help you understand how insurance costs differ between properties. They might also have ideas on reducing coverage with additions like home-security systems.

Regardless, proof of insurance will be required to consummate the purchase.