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O'Donnell Agency LLC

416 Centennial Ave
Cranford, NJ 07016

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Insurance Blog

Setting Up Your Home Insurance Before Buying a First Home

Buying your first home is going to be an exciting but challenging experience. For instance, you might not know when New Jersey law requires you to purchase insurance. At O’Donnell Agency LLC, we can help you understand these factors and make it easier to find the type of coverage you need.

Buying Your Policy 

When you’re buying a house, you need to buy your insurance before you close. Your lender and the seller will not let you close if you do not buy a policy. The different options available for you will vary based on your area and your needs. The insurance company understands this and tries to pre-approve an approach to speed it up. 

Once you get this pre-approval and Proof of Insurance from the provider, your home is almost yours. The insurance company will fax a record of your insurance to the seller and the lender, helping to set you up for closing. Once the deal is closed and money exchanged, the home insurance goes into effect. 

Policy Coverage to Consider 

When choosing coverage that meets your needs, it is essential to pay attention to various elements. Just a few things that you’ll need include:

  • Liability protection from different damage 
  • Natural disaster policies that make sense for your area 
  • High-quality coverage for fires and lightning 
  • Temporary living coverage options 

All of these policy elements help to make your insurance more in-depth and beneficial for your needs. Your agent will work with you to find the best balance between coverage and payments.

Take Control of Your Coverage 

If you’re buying a home and want the best coverage for your needs, please reach out to us at O’Donnell Agency LLC. We serve New Jersey and strive to help find the most appropriate options for your clients’ needs. Talk to us today to learn more about the policy types we provide.

Servicing States

  • New Jersey
  • New York
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Why Work With Us?

  • Locally owned and operated
  • Works with multiple carriers
  • Combines policies for best rates
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