Hi all,
Our building insurance policy gets over tomorrow! (one year from purchase). We're looking to demolish the house in the next 2 months. I believe though the bank expects us to have insurance on the property till it's demolished..
NRMA seem to not like the property being unoccupied. And the quote online is quite high as well if I put in the fact it is occupied. Further, I believe the cooling off for these loans is just 21 days...
Appreciate your input!!!
Cheers,
MsAli.
Our building insurance policy gets over tomorrow! (one year from purchase). We're looking to demolish the house in the next 2 months. I believe though the bank expects us to have insurance on the property till it's demolished..
NRMA seem to not like the property being unoccupied. And the quote online is quite high as well if I put in the fact it is occupied. Further, I believe the cooling off for these loans is just 21 days...
Appreciate your input!!!
Cheers,
MsAli.