All agents are NOT alike! Find out why I am a top real estate expert. Call me: 318-393-0655.
Get Free Presentation On My Home Marketing. Before signing a contract with any real estate agent, make sure you know EXACTLY how your home will be marketed. Find Out More > View All Offers >
"A model of how the Internet can facilitate the process of deciding where to send your children to school" - America's Best School Profiles by The Heritage Foundation
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.
Patricia Keith Coldwell Banker J. Wesley Dowling & Assoc 2146 Airline Dr. Suite 100 Boissier City, LA 71111 318-393-0655 Fax: 318-742-3017 pat@patkeith.com
www.PatKeith.com
is brought to you by Patricia Keith
NUMBER1EXPERT in real estate for Bossier City, Shreveport and Haughton, Louisiana
- NUMBER1EXPERT 
