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About The Cindy Wadsworth Team:
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First Time Buyers >Insuring Your Home
Many home buyers are concerned about whether they have an insurable interest in the property before the actual closing. The answer is an unqualified "yes". Although the buyer is not yet the recorded owner of the property, he or she has an insurable interest in the property as soon as the agreement of sale is executed by both the buyer and seller.
Should you get hazard insurance before the closing? It depends. Buyers do not usually insure a property until the title passes to them from the seller. However, it's wise to know what the agreement between you and the seller stipulates with regard to insurance.
Most agreements state that the property will be insured for a specific amount. This is very important to both parties. From the buyer's point of view, it is also critical that an adequate sum or full replacement value be stipulated. Watch out for agreements which read "as now insured". This is an all-too-common practice which usually indicates that the seller does not to want to increase inadequate insurance coverage.
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| Q |
What is the most common name for a city in the United States?
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| A |
Fairview is the most common city name, according to the 1996 Top Ten of Everything Book. |
See More Real Estate Trivia > |
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The Cindy Wadsworth Team Keller Williams Real Estate 910 Harvest Drive - Suite 100 Blue Bell, PA 19422 (Each Office Independently Owned & Operated) Direct:: 215-264-6727 Office: 215-646-2900 Fax: 215-654-6037 cindywadsworth@NUMBER1EXPERT.com
Licensed PA Realtors
Cindy Wadsworth's License #RS179964L
Beth Topor's License #RS175423L
Harry Green's License #RS288663
Lynne Green's License #RS290351
Christina Brown's License #RS289762
Harold "Howie" Riley's License #RM4202787
   
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