Hi all
We're finally getting into the IP market, having recently purchased a house and gone unconditional following due diligence. With 8 weeks left until settlement, I've been told I should get a cover note for the building (even though I have a clause that the building is at the owner's risk until settlement, and the owners will continue living in it until then). I'll take out landlord's insurance once we settle, but how do I go about getting a cover note for the building until then (or do I just need to take out and pay for building insurance for the 8 weeks)?
Thanks in advance,
The Green Goblin
We're finally getting into the IP market, having recently purchased a house and gone unconditional following due diligence. With 8 weeks left until settlement, I've been told I should get a cover note for the building (even though I have a clause that the building is at the owner's risk until settlement, and the owners will continue living in it until then). I'll take out landlord's insurance once we settle, but how do I go about getting a cover note for the building until then (or do I just need to take out and pay for building insurance for the 8 weeks)?
Thanks in advance,
The Green Goblin