“Are you putting your home at risk without the right homeowners insurance coverage?”
Shelby Lencioni is a Central Texas native and a full-time insurance agent with Liberty Mutual. She graduated from Texas State University with a bachelor’s degree in marketing and professional sales concentration and has been helping people with their insurance needs since 2012.
Expert Takeaways:
- Get a Clue report as it would show any prior claims on the home in the last five years. This would give buyers an advantage when negotiating with sellers.
- Shelby also suggested that it is never too early to shop for insurance, even during the option period, to ensure they are getting the best coverage and avoiding expensive force-placed insurance.
- Shelby also warned of the dangers of not disclosing the correct information on the home, such as having a metal roof, as this could lead to policies being canceled after closing.
- Shopping for insurance early is key to ensuring buyers have the best coverage for their new home.
Resources:
Connect with Shelby:
https://www.libertymutual.com/insurance-agent/texas/austin-087d/shelby-lencioni
Connect with Jennifer:
Instagram: https://www.instagram.com/jenniferarchambeault/
Facebook: https://www.facebook.com/UrbanProvisionRealtors
Website: https://urbanprovision.com/
Chapter Summaries:
[00:02:43]
One of the things I always recommend to people is called a clue report. It shows the buyer any prior claims made on the home in the last five years. It’s a huge value to you guys and a tool to have in your back pocket. Not all sellers are completely forthcoming.
[00:06:36]
When do you suggest someone starts shopping for insurance? It’s never too early to shop. The more that you know about the home and the home insurance going into it, the better. Do it during option or immediately after.
[00:14:18]
Ask the right questions when you’re shopping for insurance. You can work with someone that’s been doing this even outside of just like an online quote. I always recommend reaching out to someone directly just to get more information.
[00:22:13]
Should a homeowner call in to change coverage based on being a landlord? Based on being it vacant and not living in it? If you’re going from a primary to a long term rental, that’s a completely different insurance policy. Most times it’s just going to be a straight up denial for not being forthcoming with the information.
[00:43:21]
Wind insurance is something that every homeowner needs to have if you live in a county that aligns the coast of Texas because of hurricanes. It’s really only going to be required on coastal properties. Some of those also will factor in flood insurance. It can generally be pricey.
[00:46:24]
There’s a lot of different avenues these days of going insurance. Agents who work for exclusively for allstate or state farm or farmers. There’s a broker there’s going direct. All have their pros and cons and it really just is on what makes the most sense for you.