During which part of the real estate process is property insurance typically secured?

Securing property insurance typically occurs during the escrow period. This is the time when the buyer and seller have agreed on the terms of the sale but the transaction has not yet been finalized. During this phase, the buyer is often required to provide proof of insurance to the lender as a condition for mortgage approval. This is crucial because the lender wants to ensure that the property is protected against potential risks such as damage or loss prior to closing the deal.

In contrast, the other stages of the real estate process do not specifically focus on securing property insurance. During the listing phase, the property is being marketed and an agent may be gathering necessary documentation but insurance is not the focus. During the negotiation phase, parties are discussing terms of sale, and the insurance aspect is typically secondary to price and terms. Finally, during the closing stage, while insurance may be confirmed, the actual securing of the policy should have already taken place in escrow, as it is necessary for the completion of the transaction. Hence, the escrow period is the most relevant time for ensuring that property insurance is in place.