Insurance Implications Of Purchasing A New Home

Insurance Implications Of Purchasing A New Home

Switching Homes And Switching Policies

If moving is on the charts for 2015, it is important that you consider all of the insurance implications of this transition before signing any papers. Many homeowners fail to realize the insurance ramifications of their move until they have already settled in. To make this a swift transition, we have compiled a list of some essential insurance information for moving:

  • Simply put, you cannot just transfer your existing homeowner’s insurance policy to your new house. Yes, you can continue using the same agency, but you will still need an exclusive policy that meets the unique coverage needs of your new home.
  • If you are moving out of state, you may need to seek coverage with a new insurance carrier. To confirm this information ahead of time so that you are not left with any last minute surprises, it is best to discuss your move with your current insurance agent.
  • Most real estate transactions require that you offer proof of insurance at closing, therefore, it is best to complete this ahead of time so you can focus your attention on other matters of your move.

Contact Risk Management LLC in Brookfield for all of your Wisconsin home insurance needs. We will help make your moving experience smooth and ensure adequate coverage of your beautiful new home.

  • Risk Management assisted me in determining the best insurance coverage to match my business’ risks. Not only did their professional staff spend ample time meeting with me to understand my business, but they continue to follow up with a phone call on a regular basis. I’d consider each of the members on the Risk Management team a true asset in my corner, as they assist to resolve complex insurance issues including GL, Med-pay, business interruption, unemployment insurance, and most importantly, claims management. Their ongoing research in the insurance industry allows my rates and coverage’s to be best in in class, which helps me to remain competitive in my industry.

    -Steve, S. former owner of Helium Trampoline Park

  • “When we want develop partnerships with vendors, the deciding factor is always based on a single question…Do they pick up their phone? At Risk Management, they pick up their phone. In the indoor trampoline park industry, we have dealt with several insurance agencies that were always more concerned about their commission, not building a business relationship or serving our needs. On more than one occasion, Risk Management has stepped in and helped us with carrier/policies issues that the incumbent agencies had dropped the ball on. There was no financial reward for Risk Management in these situations, they see a problem and help fix it. They just do business the right way. Steve Young and his team at Risk Management represent us, not the carrier. We highly recommend Risk Management.”

    -Mark M. Operations Manager,CEO Fun Palace Place

Address: 21420 W. Greenfield Ave Ste 100
New Berlin, WI 53146
(262) 785-8930
Toll Free: (888) 857-5144
Fax: 1 (800) 424-3955
Risk Management LLC BBB Business Review

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