InsuranceQuoteToolkit

Life Event Guidance

Buying a Home

A home purchase is the single largest insurance decision most households make — lender requirements, replacement cost, and umbrella exposure all shift at once.

Timing: Lock the policy 14–30 days before closing to compare and negotiate.

Coverage Recommendations

  • Homeowners

    Extended or guaranteed replacement cost — never market value

  • Flood

    Required in FEMA zones; recommended within 1 mile of water

  • Auto

    Re-quote with bundle — typical savings 13–22%

  • Umbrella

    Liability exposure rises with property ownership; consider $1M+

Priority Actions

  1. Bind homeowners before closing
  2. Choose replacement cost vs market value
  3. Bundle auto + home
  4. Evaluate flood and earthquake riders

Risk Alerts

  • Trampolines, pools, aggressive dog breeds may void coverage
  • Knob-and-tube wiring often uninsurable

Updated Roadmap

Within 30 days

  • Get 3 homeowner quotes 30 days pre-close
  • Match dwelling coverage to rebuild estimate (not market)
  • Schedule jewelry, art, electronics over policy sub-limits

Within 90 days

  • Confirm wind/hail deductible % vs flat

Annual review

  • Re-baseline Protection Index
  • Re-run Annual Protection Review
  • Confirm beneficiaries and limits
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