Lesson 3 · Home Closing Insurance · For sellers
When do I pay for home closing insurance?
The short answer
You pay for home closing insurance once, when your sale is firm, and it must be at least 14 days before closing. You can get a free quote any time and get pre-approved to hold your rate for 90 days. There's no payment at listing or while you negotiate. Policies start at $349, all-in.
Key facts
- When you pay
- Once, when the sale is firm
- Deadline
- At least 14 days before closing. The last 14 days are too late
- Before firm
- Free quote any time; pre-approve and hold your rate for 90 days
- Price
- From $349, all-in, increasing with the coverage you choose
Transcript
Read the full transcript
When do you pay for home closing insurance?
Not until the deal is firm.
You pay once, when the sale is firm, and that has to be at least 14 days before closing.
Here's how the timing works.
Get a free quote online, any time.
Not firm yet?
Get pre-approved, and hold your rate for 90 days.
When your deal goes firm, you pay once.
That's it.
No payment at listing, and no payment while you're still negotiating.
Just one thing to watch.
The last 14 days before closing are too late to buy coverage.
So the best time to set it up is right when your deal goes firm.
Policies start at $349, all-in, and increase with the level of coverage you choose.
Get a free quote in minutes, at securemyoffer.com/quote.
Summary only. Coverage, eligibility and conditions are governed by the policy and surety documents. Questions about coverage? Talk to a licensed broker at 1-833-766-2329.
