Buyers - Home Inspection and Insurance

Insurance and Home Inspections

"Beauty is only skin deep" is especially true for houses. A fresh coat of paint or new carpeting may disguise serious flaws. That's why you want to make sure a professional inspects your new home.  And to protect your most valuable investment, be sure to have homeowner's insurance.

Homeowner's Insurance

Your home typically is the single biggest investment you'll ever make and by protecting it with homeowner's insurance you'll have financial protection against the unexpected. Aside from protecting your home and your possessions, it provides you with liability coverage.

When you purchase a home with a mortgage loan the lending company will require you to get homeowner's insurance to protect themselves as well.  You never know when fire, wind, ice, rain, flooding, or tornadoes will damage your home.  All of these damaging possibilites have left their mark on homeowners in Kentucky and southern Indiana within the last few months.

If you already work with an insurance company to provide car and/or renter's insurance then give them a call when you are serious about purchasing a new or different home.  

Semonin has an in-house joint venture to help ease the insurance search.  HomeServices Insurance will help you shop for the best rates and most appropriate coverage to match your needs.  Learn more about HomeServices Insurance.

Home Inspection

A professional home inspector surveys the foundation and structure, roof, exterior, major systems (electrical, heating, cooling and plumbing), and appliances that will stay with the home

Tour the house with the inspector, who will point out potential trouble areas, as well as what's "sound." IT IS VERY IMPORTANT FOR YOU TO TOUR THE HOME.  Do not send a family member or friend to take the tour for you.  If the inspection does turn up some flaws, a seller is often willing to make repairs, but it may depend on market conditions.

Take notes as you tour. Get the inspection report in writing. This document will support or deny the contingency addendum to your agreement.  The inspection could make or break your purchase agreement.

You can add a home inspection contingency to your purchase agreement. This requires the seller to make legitimate repairs - or if the seller is unwilling to do so, it allows you to cancel your agreement.

An inspection may take a few hours and cost a few hundred dollars, but it can save you time and headaches in the long run. Your real estate professional works with many home inspectors and can recommend choices for you to make in selecting an inspector.

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