A median of $324,100 in the commercial center of the Verde Valley. The insurance questions worth asking about a house are the ones asked before closing, not after.
Insurability is part of due diligence. A house you cannot insure affordably is a house you cannot finance.
Three checks that belong in due diligence.
Insurability is a condition of financing and it varies more than buyers expect. A property in the wildfire interface, with an old roof or a claims history, can be dramatically more expensive or difficult to insure. Finding that during the inspection period is useful. Finding it a week before closing is not.
Roof, electrical panel, plumbing and water heater. Every carrier asks, some decline on the answers, and a seller usually knows. Getting those four during the inspection is worth more than most of what a buyer worries about.
Carriers see claims made at the address, including under previous owners. Two water claims in five years affects what you will pay from day one. It is knowable before you commit rather than after.
Due diligence we can do during the inspection period.
The four that decide price and appetite.
Verde Valley has both, property by property.
It follows the house and it is knowable in advance.
Send the address during your inspection period. We will tell you what it insures for.
We quote houses before you buy them, which is when it is useful.
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