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• Home Masters Building Inspectors
  512-869-1858

• Advanced Inspection Service
  512-864-7637

• Tucker Engineering
  512-255-7477

• First American Home Warranty
  800-444-9030

• Old Republic Home Warranty
  800-445-6999

• Longhorn Title Company
  512-869-2661
  E-mail: bonnie@longhorntitle.com

• Georgetown Title Company
  512-930-9200

• Countrywide Home Loans/Robert Bowker
  888-814-1424 ext.224
  E-mail: robert_bowker@countrywide.com

• National City Mortgage/Fred Carlton
  512-338-5600
  E-mail: fredcarlton@att.net

• Extraco Mortgage/Mike Larimore
  512-931-2300

• First Texas Bank

Many home buyers are concerned about whether they have an insurable interest in the property before the actual closing. The answer is an unqualified "yes". Although the buyer is not yet the recorded owner of the property, he or she has an insurable interest in the property as soon as the agreement of sale is executed by both the buyer and seller.

Should you get hazard insurance before the closing? It depends. Buyers do not usually insure a property until the title passes to them from the seller. However, it's wise to know what the agreement between you and the seller stipulates with regard to insurance.

Most agreements state that the property will be insured for a specific amount. This is very important to both parties. From the buyer's point of view, it is also critical that an adequate sum or full replacement value be stipulated. Watch out for agreements which read "as now insured". This is an all-too-common practice which usually indicates that the seller does not to want to increase inadequate insurance coverage.

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