First-time home buyers must take into account many costs associated with buying a home, such property taxes, routine maintenance, homeowners' association fees and utilities.

But an important and often overlooked consideration is the insurance implications of the big purchase. 

In areas where first-time home buyers are flocking, insurance agents are an important resource to assist clients in making sure properties qualify for insurance and providing an estimate of the annual premium.

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Jayleen R. Heft

Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].