If you’re buying a house in Ramseur, NC, or want to find a different insurance company, you may wonder how long it takes to get a new policy and when it will take effect. It’s important to make sure you don’t have any gaps in coverage when you sign up for home insurance.
Getting a Quote
If you’re shopping for a home insurance policy, the first step is to request one or more quotes. It usually takes less than an hour to obtain a quote from an insurer. This process is often faster if you’re prepared with detailed information about your property, mortgage, and how you plan to use the home.
When It Takes Effect
After you select an insurer, it’s often possible to finalize your policy within minutes. The agent might ask when you want your coverage to begin. However, your insurance may not take effect any earlier than midnight on the next day. It’s wise not to wait until the last minute. The effective date will appear on the insurance declarations page of your policy.
Considerations
If your property is considered high risk, you might need to wait longer for a new policy. Either way, you’ll need to obtain new coverage before canceling an old policy. Know that you may be penalized for canceling your insurance before the expiration date. If you have a home loan, remember to notify your lender when you switch insurers.
You can count on Allen Insurance Agency to help you obtain coverage quickly. We make it possible to compare a wide range of policies without calling several companies. To learn more or request a quote, contact Allen Insurance Agency at 336-824-4130 or visit our office in Ramseur, NC.
