Simone F.: Hi. Simone Fargiorgio. I’m the Agency Owner of S Fargiorgio Agency. We have two locations in Rhode Island. One is in Cranston. The other one is in West Park. When do you buy homeowners insurance? As a first-time home buyer, homeowners insurance is required when you close. The mortgage company’s going to require that you secure the insurance prior to your closing date. For additional information and for proper coverage, you can reach us at 401-831-2099 or toll-free 866-318-1991. Have a great day.