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Building insurance on exchange

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Posted: Tue Aug 31, 2010 8:50 am   Post subject: Building insurance on exchange   Do I as a buyer need to insure my home from the date of exchange? Isn't the vendor's insurance enough? _________________ Register Now to have your Insurance queries solved.	Ronald_r Guest
Posted: Wed Sep 01, 2010 7:42 am   Post subject:    Go through your contract papers. Your papers should mention whether the buyer should cover it since exchange. The insurance coverage will depend on the lease in case you have a leasehold unit.	steven Senior member Joined: 02 Feb 2006 Posts: 1553 215.66 Dollars($)
Posted: Fri Sep 03, 2010 7:22 am   Post subject:    I couldn't achieve a good coverage deal for our new home with the content insurer that we currently have. Thereafter I decided to settle it over the phone. We were told that they don't have our details in their records. So we tried to buy it online again and we succeeded. But to our dismay they haven't set the policy yet! All they have to say is that they don't have any records of the deal. _________________ Register Now to have your Insurance queries solved.	Ronald_r Guest
Posted: Sat Sep 04, 2010 12:23 pm   Post subject:    Do you know any insurance broker in your area? I guess they'd try to get you covered asap and then pass on your proof to the lender. You may also take your survey report. _________________ AmPmInsure Blog	sil Community Writer Joined: 30 Sep 2005 Posts: 483 89.47 Dollars($)
Posted: Mon Sep 06, 2010 5:36 am   Post subject:    I don't think we could insure property that belongs to someone else. I'd often wonder how we could cover a property in between completion and exchange! I don't really see any risks coming my way if the seller has property insurance.	roddick Senior member Joined: 05 Oct 2005 Posts: 962 143.16 Dollars($)

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