Keeping Current Matters March 20, 2025
Buyer
Homeowner’s insurance is a must-have to protect what’s probably your biggest investment – your home. And while you never want to think about worst-case scenarios, the right coverage is basically your safety net if something goes wrong. Here’s how it helps you.
In the simplest sense, it gives you peace of mind. Knowing you have protection against unexpected events helps you worry less. And with such a big purchase, having that reassurance is a big deal.
And while your first insurance payment will be wrapped into your closing costs, you’ll want this to be a part of your budget beyond closing day too. That’s because it's a recurring expense you’ll have once you get the keys to your home.
Here’s what you need to know to help you budget for this important part of homeownership today.
In recent years, insurance costs have been climbing. According to Insurance.com, there are four big reasons behind the jump in premiums:
Basically, disasters are happening more often, repairs cost more, and insurers have to adjust their rates to keep up. Data from ICE Mortgage Technology helps paint the picture of how the average yearly premium has climbed over the last decade (see graph below):
Homeowner’s insurance is a must to protect your home and your investment. But with costs rising, you’ll want to do your homework to balance the best coverage you can get at the best price possible.
Homeowner’s insurance rates vary widely based on location, provider, and coverage. Shop around and compare quotes before settling on a policy. And don’t forget to ask about discounts. Things like security systems or bundling with auto insurance could help lower your insurance costs.
When you’re planning to buy a home, it’s important to look beyond just your mortgage payment. You’ll also want to budget for your homeowner’s insurance policy. It gives you a lot of protection against the unexpected. And while it’s true those costs are rising, there are things you can do to try to get the best price possible.
What’s your biggest concern when it comes to budgeting for homeownership? Let’s talk through it and make sure you’re set up for success.
Stay up to date on the latest real estate trends.
Lifestyle
July 11, 2025
Wine drinkers and gardeners, get ready to rejoice because your two favorite things are coming together in a surprising way.
Buyer
July 10, 2025
Mortgage application activity shot up like a firework during the week ending July 4, according to data from the Mortgage Bankers Association (MBA).
Seller
July 10, 2025
If you're a homeowner planning to move, you're probably wondering what the process is going to look like and what you should tackle first:
Lifestyle
July 10, 2025
If you are a regular House Beautiful reader, you have probably noticed that we editors consult professional organizers a lot.
Lifestyle
July 9, 2025
We’re living through a paradox.
Buyer
July 9, 2025
Now that summer’s here, you may be planning your next getaway.
We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today