 |
Home
Table of Contents
Tom Wiltberger
 |
Home Owners Insurance |
 |
Local Info
Home Owners Insurance |
Homeowners Insurance Before you close on your new house, you will need to purchase Homeowners Insurance. Traditionally known as “Hazard Insurance”, your lender will require a policy to be in place upon closing, whether you are buying home in Chapel Hill, Carrboro, Durham, or anywhere in the Triangle. Homeowners Insurance protects you financially in the event of damage to your house caused by an accident, fire, hurricane, tornado, ice storm, or other disaster. Your mortgage company wants this protection too so that their collateral for your mortgage (your house) can be repaired or rebuilt upon being damaged. Annual premiums in the Triangle area can range from approximately $300 to $1500, depending on a number of factors such as location, house size, use, and age. Flood Insurance, for those properties located in a flood zone, is typically a separate policy and would increase this annual premium. Helpful Links Below are some helpful links to help you purchase Home Owner’s Insurance: Homeowners Insurance: What Is It and Why Do You Need It? North Carolina Department of Insurance Flood Insurance Information from FEMA Tom’s Preferred Insurance Agents Two of Tom’s preferred insurance agents are below, chosen for their expertise. |
Chan Wright, Chan Wright Insurance Agency Gary Elliot, State Farm Insurance |