Hi Folks,
I believe most banks require home insurance to be in place before you can draw down a mortgage and if this is the case then it obviously means you are paying for the house to be insured before you actually own it.
So the question is - when should you obtain house insurance for a house you intend to purchase? 1 week before the closing date perhaps?
Thanks
I believe most banks require home insurance to be in place before you can draw down a mortgage and if this is the case then it obviously means you are paying for the house to be insured before you actually own it.
So the question is - when should you obtain house insurance for a house you intend to purchase? 1 week before the closing date perhaps?
Thanks