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Insurance by Need

Buying a Home

The day you buy, your mortgage lender requires proof of homeowners insurance before they'll fund the loan — no policy, no closing. Beyond satisfying the lender, it's what stands between a fire, storm, or lawsuit and the largest asset most people ever own.

Coverage to Consider Schedule Consultation

Who this coverage is for

This is for first-time and repeat buyers closing on a house who need coverage bound before the escrow deadline. It's also for anyone whose lender has asked for a declarations page or proof of insurance to clear the loan.

What it can help protect

Buying a home changes what you need to protect, all at once:

  • The structure — rebuild costs after fire, storm, or other covered damage, which your lender requires you to insure.
  • Your belongings — furniture, electronics, and personal items inside the home.
  • Liability — medical and legal costs if someone is injured on your property.
  • Added perils — flood and earthquake are excluded from standard policies and often need separate coverage in California.
  • Loss of use — extra living costs if a covered event makes the home unlivable.

How Sterling Lloyd helps

Sterling Lloyd can review current declarations pages, discuss what information markets usually need, and prepare the file for a licensed recommendation before closing.

Coverages to consider

The coverages most relevant to Buying a Home, tiered by priority. Start a quote on any one, or have an advisor review the whole stack.

Core Often required

Homeowners Insurance

Required by your mortgage lender.

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Recommended

Personal Umbrella Insurance

Extra liability protection above home and auto.

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Situational

Flood Insurance

Often required and important in flood zones.

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Situational

Earthquake Insurance

Worth considering in California's seismic zones.

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Have an advisor review the whole stack →

Common Questions