How To Buy Homeowners Insurance For A New Home? 
Start by talking to your Insurance Professional . When you are buying a new home , there will be certain requirements that must be met in order to prepare to close on this important purchase . One of these is to be able to show proof of Homeowners coverage beginning at least on the date of the closing . Tell your insurance professional the address of the house and any particular pieces of information needed in order for him or her to complete a quality `` Reconstruction Analysis '' of the house . The results of this will become the recommended dwelling amount . You will be able to decide on the amount of Liability coverage as well as the property deductible , each of which will help to determine the final price of the coverage . Once agreed upon , the application will be produced and available for your signature . Most banks and Mortgage Companies in Connecticut will require that the first year 's total premium be paid in full and then an escrow account will be set up to handle your renewal payments . You will need to provide both a copy of the policy binder or declaration sheet along with a receipt showing the full year 's premium has been paid . Best of luck with your new home ! 