Youâ€™ve been through it all- searching up and down neighborhoods, wandering in and out of bedrooms, and walking on more avenues than youâ€™ve ever imagined- to find your dream home. The long drives and endless walks are all worth it though because youâ€™re finally ready to move into a place that will soon feel like home, if you havenâ€™t already. As you have probably learned, many things come along with purchasing a home and itâ€™s a rather exhausting process.
During this exciting, yet stressful time youâ€™ve dealt with the steps of acquiring homeowners insurance, appraisal, inspections, and credit checks. Depending on where you live you might be required to attain other insurances too, like flood insurance or tornado insurance. All of these facets are equally as important as the next because you need them all for a positive experience and beneficial purchase overall.
So you now have a property. Next step? Make sure that you are entirely covered.
It is now your responsibility to pay off your home no matter what happens. If you pass away without leaving behind the funds to achieve what you promised the bank, your debt wonâ€™t just disappear. It will be passed on to your significant other/family. This circumstance can be very scary for your loved ones, which is why you need to make sure it never happens. By purchasing a life insurance policy, you can be sure that your mortgage will still be paid.
While in escrow is the perfect time to update your life insurance policy to reflect your upcoming purchase. However, if this time has already passed for you, it is not too late to re-evaluate your current policy or purchase your very first policy. Insuring your asset and taking responsibility for your purchase is easily done by acquiring a life insurance policy that best suits your needs. As always, SelectQuote will offer you a free quote either online or by phone. As Americaâ€™s #1 Independent Term Life Sales Agency, we will find the best policy for you. You can buy life insurance in just 5 easy stepsÂ with SelectQuote while attaining a piece of mind that your family will always be financially protected.