Most homebuyers overlook this tiny detail, but it can make or break your deal. Before you sign that real estate contract, make sure you elect the Homeowner’s Insurance contingency—even if you’re paying cash. Why? Because not every home is insurable, and skipping this step could cost you thousands. From outdated electrical systems to previous insurance claims and flood zone risks, hidden issues could lead to sky-high premiums—or even make it impossible to get coverage.

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