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Updated over 9 years ago,

User Stats

1,264
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Logan Allec
  • Accountant
  • Los Angeles, CA
977
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1,264
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Insurance Agent Goofed Up, Causing Additional Costs

Logan Allec
  • Accountant
  • Los Angeles, CA
Posted

One of the conditions of a recent purchase I made was that I would pay the seller for lost rents to keep a unit vacant so that I could live in it when escrow closed.  Strange, but OK.

Closing date was initially September 3, but the insurance agent put the wrong state abbreviation in the lender's address on the mortgagee clause to be added to my insurance policy, causing closing to delay until September 10.  This resulted in an additional $200 of lost rents I had to pay to the seller.

Do I have recourse against the insurance agent/company here?

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