From: Apprentice Millionaire
Calling experienced investors!
The property I am about to settle on has a builders warranty insurance that was with HIH. My solicitor is advising me to hold back on the settlement (delay it) until the policy is picked up by some other insurer. The house is 18 months old, so there's some life left in that policy.
My risk profile makes me think that given the nature of the building, the newness, the reputation of the builders (Pioneer), I should go ahead and ignore my solicitor's warnings. It is a risk management thing. Has no impact on finance or anything else (not that I am aware of).
What would experienced investors do? Wait, or just do it?
Cheers
Apprentice Millionaire
(aka Jacques in the old forum)
Calling experienced investors!
The property I am about to settle on has a builders warranty insurance that was with HIH. My solicitor is advising me to hold back on the settlement (delay it) until the policy is picked up by some other insurer. The house is 18 months old, so there's some life left in that policy.
My risk profile makes me think that given the nature of the building, the newness, the reputation of the builders (Pioneer), I should go ahead and ignore my solicitor's warnings. It is a risk management thing. Has no impact on finance or anything else (not that I am aware of).
What would experienced investors do? Wait, or just do it?
Cheers
Apprentice Millionaire
(aka Jacques in the old forum)
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