Keys in hand, home insured
A licensed insurance agent goes over the structure, contents and bank requirements with you, so the home is covered from day one.
- A quote before you decide
- We get back to you within a business day
- No obligation
Structure insurance
- What to check in the policy
- What the cover for walls, ceiling, floors and fixed systems includes, and how the sum insured is set.
- Why it matters
- The structure is the property itself. Cover that doesn't match rebuilding costs can leave you with a gap when damage occurs.
Where home insurance fits into the deal
The insurance needs to be ready before the bank releases the mortgage and before you get the keys.
- 1
Contract
The handover date and payments are set.
- 2
Mortgage approval
The bank specifies which insurance it requires.
- 3
Funds released
The money goes to the seller according to the payment schedule.
- 4
Home insurance
Structure and contents insured, assignment to the bank arranged.
- 5
Getting the keys
You move into a home covered from day one.
Same event, two scenarios
| Finding | Impact | Checking before signing the policy | Finding out at claim time |
|---|---|---|---|
| 4A plumbing leak into the apartment below | Impact: | Checking before signing the policy:You choose water damage and third-party cover suited to the building. | Finding out at claim time:You discover the deductible or exclusions didn't match your expectations. |
| 2Break-in and theft of belongings | Impact: | Checking before signing the policy:You list valuable items and check the security requirements. | Finding out at claim time:A claim partly rejected because the item wasn't listed. |
| 6The bank asks for an assigned policy | Impact: | Checking before signing the policy:You prepare the policy in advance, per the bank's requirements. | Finding out at claim time:A delay in releasing funds and in handover. |
| 5Earthquake | Impact: | Checking before signing the policy:You make an informed choice about whether to include the cover. | Finding out at claim time:You discover the cover wasn't included in the policy. |
What your insurance should cover
Three questions about the home, and the topic list updates. It will be attached to the request.
What your insurance should cover
3 topics
- Structure insurance
- Water and plumbing damage
- Third-party liability
What happens after you leave your details
Send a request
Two minutes: property details, when you get the keys and how to reach you.
A Hoomy representative calls you back
Within a business day, to understand what needs insuring and what the bank requires.
Get insurance quotes
A licensed insurance agent presents the options, and you decide whether and what to insure.
Questions about Home insurance
More professionals throughout the deal
Insurance agents: join the Hoomy network
Hoomy connects buyers and sellers dealing directly, with no agent, with the professionals who support them. We're building the first network in every region right now.