New Handbook Designed To Help Homebuyers Purchasing Insurance

WRE News August 10, 2023

Buyer

New Handbook Designed To Help Homebuyers Purchasing Insurance

The Insurance Information Institute (Triple-I) and the National Association of Realtors (NAR) have partnered on the release of the new Homebuyers Insurance Handbook.

The new handbook is designed to show homeowners how they can purchase an insurance policy with the right type and amount of coverage protects their property investment and financial future. Among the insights in the handbook are knowing how to raise your deductible in exchange for a lower premium, how to ask about discounts and bundle options, how to make your home more disaster-resilient, the importance of reviewing coverage annually after the home is purchased, and how to avoid confusing the total amount you pay for your house with its rebuilding costs.

“The Homebuyers Insurance Handbook clearly explains how purchasing a homeowners insurance policy with the right type and amount of coverage protects a homeowner’s investment and financial future,” said NAR President Kenny Parcell. “This eight-page handbook includes the essential information a prospective homebuyer needs to prepare for a conversation with their insurance professional.”

“Now more than ever, given increased climate risk as well as economic and inflationary challenges, homebuyers need tools to help them make informed decisions to better manage what is often their largest individual investment,” added Sean Kevelighan, CEO at Triple-I. “Having the right type and amount of insurance provides critical safekeeping to homes, and so by Triple-I teaming up with the National Association of Realtors, we will empower even more consumers with key insights during a most important transaction.”


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