Hi. I bought a house 2 month ago and realized that the effective date on my HO policy is 2 days before i closed on my house, is the policy valid?

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Oct 19, 2015

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Insurance Question from Brooklyn, NY

Asked on 10/19/2015

Hi. I bought a house 2 month ago and realized that the effective date on my HO policy is 2 days before i closed on my house, is the policy valid? NULL

Answer given on October 20, 2015

Often times when a home is purchased, the lender and closing company require a policy with a date that may not match the actual closing date, since sometimes there is a delay in the closing due to paperwork or other issues. Often times the lender or closing company requires that the policy be effective a couple of days early as they need proof of insurance before they will actually fund the loan. The different effective date from the policy and the closing will not affect the validity of the insurance policy. It would actually be more of a problem to try to change the effective date. Some insurance companies would require the policy be cancelled and rewritten, rather than just change the date on the existing policy. This could present problems with your lender and would not be worth the trouble.You can talk to the lender if it makes you more comfortable, but I would simply ignore the effective date difference.

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