You’ve found your dream home in Hawthorn Woods, negotiated a great deal, and you’re headed to the closing table—congrats! But before you can get the keys, there’s one essential step you can’t skip: securing homeowners insurance.
If you’re buying a home in Hawthorn Woods or the surrounding Lake County suburbs, your lender will require that you purchase a homeowners insurance policy before closing. But don’t treat this as just another checkbox—it’s one of the smartest ways to protect your biggest investment.
Here’s everything you need to know about homeowners insurance before closing and how it impacts your purchase.
✔️ What Does Homeowners Insurance Cover?
A standard homeowners policy offers several layers of protection:
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Dwelling Coverage: This protects the structure of your home from damage caused by fire, hail, windstorms, or other covered events. In a place like Hawthorn Woods, where beautiful custom homes are the norm, protecting your home’s value is essential.
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Personal Property: Your belongings—furniture, clothing, electronics, and more—are protected if stolen or damaged. Moving into a new home means new purchases, and this coverage ensures you’re not left paying out of pocket in case of loss.
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Liability Protection: If someone is injured on your property or you accidentally cause damage to someone else’s, liability coverage helps with legal and medical costs.
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Additional Riders: Depending on your location and needs, you might consider extra coverage like flood insurance, sewer backup, or earthquake protection—especially in certain areas of Lake County where water issues may arise.
🧠 Did You Know? Bundling Saves Money
Many buyers in Hawthorn Woods bundle their home and auto insurance to lower their overall premiums. Shopping smart can save you hundreds per year—and might even make you more attractive to your lender.
💼 Why It Matters Before Closing
Your lender will require proof of insurance before issuing a mortgage. Without an active policy in place, you won’t be able to close on your home. Plus, the right insurance policy ensures peace of mind from day one of homeownership.
🤝 Need Help? You’re Not Alone
At Helen Oliveri Real Estate, we don’t just help you find the right home—we guide you through every step of the process, including helping you understand what type of insurance coverage is right for you. We can connect you with trusted local insurance providers who offer reliable coverage and excellent service.
Ready to Close on Your New Home in Hawthorn Woods?
Whether you’re buying new construction, a luxury estate, or your very first home in Lake County, make sure you’re fully protected before you close. Helen Oliveri Real Estate is here to support you every step of the way.
📲 Schedule a buyer consultation today at helenoliveri.com or call 847-967-0022.
