After you have made an offer on a home to purchase, it is vital that you quickly find out what your insurance premiums will be.  If the existing owners had a lot of claims on the home in the past, it can very well affect YOUR premiums for the home.  Some homes may not be insurable in this market at all.  You need to know this before you get too far down the path to closing!    VIDEO:

10 Tips to Lower Homeowners Insurance Costs