Home Insurance

In most cases, yes, you will need to purchase a homeowners insurance policy before the lender will allow the closing to proceed. Otherwise, the loan won’t be finalized and funded — and nobody wants that. In a typical scenario, the borrower will bring either the policy itself, or proof of the purchase, to the closing / settlement process. It can also be faxed to the lender and/or escrow company prior to closing.

Home Insurance Protects You, as Well as the Lender.  This is why most lenders require proof of coverage before closing. They want to make sure their interests are being protected in the event of fire, earthquake, flooding, etc. 

The common practice is that you have to bring a homeowners insurance binder with you to the closing procedures. This binder is provided by the insurer and is proof that you have a policy in place that covers the property. In some cases, a letter from the insurer will suffice, or a photocopy of the coverage document(s).

You can choose which insurance company you want to use. You should shop around for the best policy, just as you shopped around for the best deal on a home loan. The cost of coverage varies based on the amount of protection, the size of the deductible, and other factors.

In most cases you will need to purchase a basic home insurance policy before closing day comes around.


View Local Agencies Below:

All State Insurance



Local locations: 

2600 E. Rt. 34, Sandwich, IL 60548


624 W Veterans Pkwy Ste D Yorkville, IL 60560


View website 


American Family Insurance




Local locations: 

37 S Main St, Sandwich, IL 60548


110 E Countryside Pkwy Ste A, Yorkville, IL 60560


8 W Washington St, Oswego, IL 60543


View Website 


Country Financial Insurance




Local Location: 

347 W Church St, Sandwich, IL 60548

View Website 

Crum-Halsted Insurance




Local Locations: 

100 S Latham St. Suite 101, Sandwich, IL 60548


View Website


Farmers Insurance





Local Location: 

801 No. Bridge St., Ste C,  Yorkville, IL 60560


View Website 


First Insurance Group



Local Locations: 

11000 E US Highway 34, (Suite 1)Plano, IL 60545


613 E. Church St., Sandwich, IL 60548


141 W. Lincoln Highway, DeKalb, IL 60115


View Website 

Primerica Insurance




Local location: 

835 W. Church Street, Sandwich, IL 60548


View website

State Farm Insurance



Local Locations:

306 E. Church Street Sandwich, IL 60548


623 W. Route 34 Plano, IL 60545


1448 Sycamore Road Yorkville, IL 60560


129 Commercial Drive Yorkville, IL 60560


View website 

Somonauk Insurance Agency Inc



Location location: 

145 E. Market Street Somonauk, IL 60552

View website 

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