*Loan,banking and credit>>>homeowner insurance

How do you obtain homeowners insurance if your new home won't be your principal residence right away?

We're buying a new home and had planned on staying in our rental for a few months while we make some renovations to the new house. However, our insurance company tells us that they won't give us a homeowners policy unless our new home is our principal residence within one month of our closing date. Does this mean we have to tell our insurance company that our new home is our principal residence, even though it won't be until approx. August?

Also, our insurance company will cancel our renters policy, since they'll assume that we'll no longer need it after we close on our house. This isn't true, because we had wanted to stay in our current apartment for a few months more. Has anyone encountered a similiar situation, and if so, how did you handle it? Thanks so much.

It will be your principal residence even if you are not living in it at the time of renovations. Don't deal with the morons at a call center. Find an agent in your local community: http://nwinsurance.nationwide.com/nwagen...

locate an agent on www.anpac.com and get with a company that won't jerk you around. Ask for the under construction endorsement on your policy.
First, I would shop around for homeowners. I did something similar, but I didn't have this issue, because I had my homeowners through GMAC, and my renters through State Farm. When I called State Farm to ask them about homeowners, it was way too expensive. If you shop around, I'm sure you will find some other good prices, and you can keep both homes as primary residences.

Insurance companies, will insure a home for you that isn't your primary residence. Otherwise, how would people buy houses and rent them out. GMAC did ask me if this was going to be my primary residence, and told me if it wasn't, that it would cost more money to insure it.
If you don't live in your house, you can get a so called fire policy, which is required by a mortgage company. That is what I had when my house was on the market and vacant and that is what I have for my rental house. It is really inexpensive. I guess you really need to talk to a different agent in the same company or change the insurance company. He/she doesn't sound bright.