Cate Deventer | Bankrate.com (TNS) Home insurance can shield you from high out-of-pocket expenses should a disaster strike your property. While coverage isn’t mandated by law, your mortgage lender most likely requires you to have a policy. And the sooner you’re able to lock down coverage, the sooner you will be financially protected in the event of a covered claim — which could potentially save you thousands. Bankrate’s insurance editorial team, which includes licensed insurance agents, can help you understand how long homeowners insurance coverage takes to purchase and factors you may want to consider in your planning process. How much time does it take to get a home insurance quote? The length of time it takes to get a homeowners insurance quote depends on a number of factors, including how you choose to obtain coverage.