For a buyer, insurance can also stall or kill a deal that looked finished. Age of the roof, prior water damage, wood-burning appliances and even a home's claims history can make coverage harder or more expensive to secure, and a lender will not release funds on possession day without it confirmed.
For a seller, insurance history is quietly part of the story a home tells. A past claim on file, even a resolved one, can be something a buyer's insurer asks about, so knowing what shows up before listing avoids a surprise mid-transaction that jeopardizes an accepted offer.
Sorting insurance early, on both sides, is what keeps a possession date from moving. Get your hand-reviewed valuation from Joel Dyck.