Just seeking advice on what insurance to take out on a new purchase. We have just signed a contract of sale and understand we need to take out insurance on the property as the risk passes onto us as soon as contracts are signed. Settlement is not for 8 weeks. There is currently a tenant in place on a fixed term until March next year.
I understand I'll need to take out building insurance but should I also be taking out Landlord insurance now or waiting until settlement?
I'm guessing landlord will come at settlement but would love other opinions to correct me otherwise.
Cheers
Scott
I understand I'll need to take out building insurance but should I also be taking out Landlord insurance now or waiting until settlement?
I'm guessing landlord will come at settlement but would love other opinions to correct me otherwise.
Cheers
Scott