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Updated about 7 years ago on . Most recent reply

User Stats

38
Posts
5
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Sunny C.
  • Real Estate Investor
  • Jamesburg, NJ
5
Votes |
38
Posts

Insurance policy from contract onwards

Sunny C.
  • Real Estate Investor
  • Jamesburg, NJ
Posted
I have a foreclosure property under contract however I am afraid that there may be water damage due to freezing temperatures. Is there a policy insurance policy then I can get which would cover this situation and protect me from any possible freezing/water damage from the point of my getting into contract and then closing the sale and then further on from that point on words. So essentially I amLooking for a insurance policy which covers water damage from the point of signing the contract on words. Is there an insurance policy that I can get like this.
  • Sunny C.
  • Most Popular Reply

    User Stats

    2,493
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    Jason Bott
    #2 Insurance Contributor
    • Insurance Agent
    • Nationwide
    1,430
    Votes |
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    Jason Bott
    #2 Insurance Contributor
    • Insurance Agent
    • Nationwide
    Replied

    @Sunny C. since you do not own it, you can not insure it.

    My other landlord clients will not close if the property has had a "material change" during the time of offer acceptance and closing.

  • Jason Bott
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