Homeowners insurance can travel with you to your new home, second home and even a relocation to a different state. If you just finished building a retirement home, have moved to a different state, or have relocated to a different part of town, try to use your existing insurance company. Your homeowners insurance might even cover aspects of your move such as lost or damaged articles of furniture.

Prior to your move, call your insurance representative to let them know when you are moving and the new address. It is likely they will make every effort to provide a seamless transition. If that particular company is local versus national and cannot provide coverage in another state, they will be able to refer you to a new insurance company and effectively bridge that information gap for you. Your new lender will require a homeowners insurance policy be in place prior to close of escrow. If you are paying cash or getting a home equity loan for that new property, it may not come up. Check with your current insurer for a seamless transition into your new location.

Homeowners insurance serves many purposes, the premiums and coverage are negotiable and it covers more than most realize. Talk with your provider to find out how you can adjust a policy to suit your financial needs, what has changed in your new location and lifestyle, especially if you have moved to a different state. Your coverage will change depending on the type of home and its precise location. Other riders may be required that you do not have now, like a flood or fire amendment.

If you can keep the insurance you have, find out what coverage is available for your relocation. The representative will also have a list of questions about changes to your personal property (boats, atvs), expectations in the new home (alarm system, swimming pool) and its surroundings such as fire hydrants and street lights. Your homeowners insurance can travel with you 90% of the time or a seamless transition can be organized by your existing company to a new one.