OK OK the excitement is too much to handle!! You are buying your first HOME! All of the paperwork required by the bank, the interest rates and the confusing closing costs sheet. So much to do and the only thing you can think of is what color to paint your new living room!

You are creating your family legacy; settling down in your first home. Giving your kids a solid ground of where you stay and you creating generational wealth in the meantime!

This. Is. Exciting!

Congrats! The best thing you can do for your family is buy your own home!

As you fumble through all the bank requirements, realtors, lenders...close to the end of closing you have to find your homeowners insurance!

With everything going on it's hard to concentrate and make sure you make the right decision.

You know how many people tell me they do not know who their homeowner insurance provider is?

One thing for sure you have to make sure you have these coverages;

1. Water and sewer back up - this is essentially coverage if your drains back up into the house. This has happened when sump pumps fail, or when lines are too clogged. Essentially water gets into the basement of your home and ruins everything in its path. I have seen this happen more often than any other claim. So it is very important you get this endorsement on the policy.

2. Loss of Use (what the heck does this even mean!) If there is a claim at your house and you cannot stay there due to a lot of damage and or construction; the insurance company will help lodge you. Finding and assisting with lodgings during a claim to help keep you and your family safe like nothing happened.

3. Service Line Coverage - This covers underground utility lines. Example; Your sewer line breaks from the house to the muncipality tie in! You have to replace the line and also in the meantime no operation on the plumbing.

4. Please Please Please do NOT skimp on your Liability coverage! IF you were quoted at $100,000 or $300,000 in liability for just a small amount more in premium you can have $500,000 or even a million in liability coverages which is a much more comprehensive policy.

If you are purchasing a home for the first time make sure you get these insurance MUST HAVES! It is such a scary but rewarding process going through all of the first time home buying steps, between appraisal and inspections please make sure you do not forget to take time to review your new home owners insurance policy!