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When do people take out insurance on the new purchase place?
after exchange of contract or at settlement?
I usually do it once it becomes unco.
But I'm always unco
I used to do this too until my settlement agent advised that I need to do this on exchange of contract, I think that's where you are legally liable.
I used to do this too until my settlement agent advised that I need to do this on exchange of contract, I think that's where you are legally liable.
How can you be liable for something you do not own?
The vendor is liable to hand over the house the same as you inspected it. You are only liable to pay money at settlement.