When purchasing homeowners insurance, you'll need to provide your insurer with information about yourself and your home. You can often get instant or same day homeowners insurance quotes online, over the phone, or in person at the insurance company's local office.
But the amount of time it takes to finalize your policy will ultimately depend on the type of property you're insuring and whether or not you have all the information you need to complete the quote.
How long does it take to get a homeowners insurance quote?
Before buying your homeowners insurance policy, the insurance company will send you a quoted estimate of how much your homeowners insurance will cost. Most major homeowners insurance companies provide free and instant quotes online. After getting your quote, it can take a few days for the insurance company to process your application.
To ensure a fast application process, make sure you’re ready to provide the following information:
Legal name and date of birth
Coverage start date
Number of people living in your household full-time
How you occupy your home (is it your main residence or a vacation home?)
If you conduct any business at your residence (like a daycare)
You should also know the following details related to your home:
Build characteristics. You'll need to provide information about your home itself, including its square footage, the year it was built, the number of bedrooms and bathrooms, its roof type, and more.
Protective features. Providing information about safety features of the home can lead to policy credit and discounts. Make sure to note if the home has deadbolt locks, fire alarms, sprinkler systems, security systems, or any other protective devices.
Additional coverage needs. If you live in a high-risk flood zone or in an earthquake-prone area, you'll need to purchase flood insurance or earthquake insurance. Make sure to mention any additional coverage needs to your insurance agent.
How long does it take for homeowners insurance to go into effect?
After you’ve shopped around and decided on a policy, you’ll go through underwriting before your coverage and rates are finalized. Depending on whether your insurance company considers your home to be a high risk for property damage or not, this process can take minutes, hours, or days.
Before you pay your first home insurance premium, your insurance company will ask for a loss payee, payment information, a policy start date, and you’ll finalize certain details like your deductible amount.
Once your billing and policy dates are set and your lender approves the policy, your coverage is good to go. Keep in mind that most lenders require you to pay one full year of homeowners insurance premiums upfront, so you should be prepared to make one lump sum payment.
How to get homeowners insurance fast
The best way to get homeowners insurance fast is to understand the components of a homeowners insurance policy and to have all the documents and information that your insurance company requires.
Know your residence and property information - You are going to need to provide your insurance company with details about your house to ensure the recommended coverage amounts are accurate. Before getting quotes, know your home’s square footage and home specs, like its foundation type, the style and type of roof, and whether or not the garage is attached to the home or a separate structure.
Know how much coverage you need - Homeowners insurance is made up of six main coverages, but there are several optional add-ons that may be worth considering. Shopping around makes it easier to compare coverage and rates.
Have the right personal information ready - Make sure you have personal information on hand, like your social security number, insurance claims history, and property history.