From: Felicity W.
Well, as recommended by many here and elsewhere, I took out building insurance on a house I'm settling on next week. This was because of the small but still possible problem of something happening to the house between contract date and settlement, and the current owner not having insurance.
I was reading through the insurance certificate when it arrived (yes, I do these sorts of things! good sedative at night...) I noticed a clause - you must have owned the property for 3 months.
Hmmmm thinks I - so what effect does that have on my original purpose in taking out the insurance prior to settlement? Was it a waste of time?
Keep smiling
Felicity
Well, as recommended by many here and elsewhere, I took out building insurance on a house I'm settling on next week. This was because of the small but still possible problem of something happening to the house between contract date and settlement, and the current owner not having insurance.
I was reading through the insurance certificate when it arrived (yes, I do these sorts of things! good sedative at night...) I noticed a clause - you must have owned the property for 3 months.
Hmmmm thinks I - so what effect does that have on my original purpose in taking out the insurance prior to settlement? Was it a waste of time?
Keep smiling
Felicity
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