Buyers and sellers need to be aware that insurance risk on the purchase of a property transfers from the seller to the new buyer at 12 midnight on the completion date. Not the dates of possession, as some people seem to think. So it's important that you have your insurance start on that date. As an extra precaution I always recommend to my selling clients that they keep their insurance one extra day til the end of possession date just to play it safe.
This entry was posted on April 17th, 2014 by Owen Bigland | Posted in Video Blog