Q

How long does it take to get homeowners insurance?

A

It can take anywhere from minutes to a few days to buy a homeowners insurance policy. Your homeowners application can take a couple days to process, and your insurer might require a home inspection.

Kara McGinley

By 

Kara McGinley

Kara McGinley

Editor & Licensed Home Insurance Expert

Kara McGinley is an editor and licensed home insurance expert at Policygenius, where she writes about homeowners and renters insurance. As a journalist and as an insurance expert, her work and insights have been featured in Kiplinger, Lifehacker, MSN, WRAL.com, and elsewhere.

Updated  | 2 min read

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When purchasing homeowners insurance, you will need to provide your insurer with information about yourself and your home. You can apply for homeowners insurance online, over the phone, or in person at the insurer’s local office and you’ll usually get a quote the same day.

Buying a home is a big investment, so you want to make sure you are properly insured. Policygenius can help you compare quotes from different insurance companies to find the right policy for you and your home.

Key Takeaways

  • You can get a homeowners insurance quote immediately after answering a few questions online, over the phone, or in person

  • It typically takes a day or a few days to get homeowners insurance

  • Familiarize yourself with the basic components of homeowners insurance beforehand to make the application process easier

  • Before purchasing a policy, compare quotes from different home insurance companies to find the best coverage and rates

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How long does it take to get a homeowners insurance quote?

Before buying your homeowners insurance policy, you receive a quote which is an estimation of how much your homeowners 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

  • Residence address

  • Coverage start date

  • Email address

  • Number of people living in your household full-time

  • How you occupy your home (Is it your main residence? Vacation home?)

  • If you conduct any business at your residence (daycare, home office)

  • How much coverage you need

You should also know the following details about your home:

  • Building details (total square footage, year built, number of stories, age of roof)

  • Safety features (deadbolt locks, fire alarms, sprinkler systems, etc)

  • Additional coverage or endorsements needed (flood or earthquake insurance or water backup coverage)

→ Learn more about how to shop for homeowners insurance

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 the property and insurance company, this process can take minutes, hours, or days.

Some lenders may require proof of insurance

If you need proof of insurance in a hurry to close on a mortgage, talk to your insurer about getting it processed as quickly as possible. You should be able to provide them with an insurance binder or copy of your policy’s declarations page ahead of the closing date. 

Before paying your premium, you’ll be asked to provide a loss payee, payment information, you’ll choose an effective date (when your policy starts), 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.

You may be required to complete a home inspection

Some insurers may also require a home inspection, however most inspections happen after your policy has already gone into effect. During a home inspection, your home insurance company will send an inspector to your house to make sure everything in your application is accurate. The insurance company may adjust your coverage and rates based on the results of the inspection.

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 basic protections. 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.