If you are considering buying or selling a home, home insurance is part of the process. When selling a home and buying another one, it is important to make sure adequate home insurance stays in place for the home that is sold until such time as the title is officially transferred to the new owner. It is just as important to have the insurance for the new home being purchased to go into effect, at the right moment, upon accepting the title for it.

Work with your agent at Sound Choice Insurance Agency Inc, serving Lynnwood, WA and the nearby areas, to get good advice about how to manage the process of insuring a home that is being sold and one that is being bought

The Timing of Home Insurance Coverage

It is not necessary to get the date and time exactly down to an accurate moment of title transfer from one owner to another. In fact, it is better to have a bit of overlap. Overlap means that the insurance for a home being sold extends a few days after the title transfer. For a home being purchased, the insurance should start up a few days before the title is transferred. By using this method, there is no moment where your home will not be insured. Using a few days after and before the title transfer also avoids any problems with interpretation of the time zones.

A Smooth Transition is a Goal

The goal is to make sure your home insurance stays in place until 1) the title is transferred; 2) all of your things are removed from a home that is sold, and; 3) the keys have been turned over to the new owners. Likewise, when buying a home, you want to make sure your new home insurance is in place before any of your things are moved in.

Contact your agent your agent at Sound Choice Insurance Agency Inc in Lynnwood, WA to discuss any special needs.