Property insurance

Property insurance may be required in different cases:

you sell your house or apartment;
you buy an apartment or any room;
you give your property as collateral;
you want to get a refund if your property has an accident.
To protect themselves from unscrupulous buyers, sellers of real estate is usually used other mechanisms, rather than the usual insurance. Still, the risk of losing their property, not having received the money for it, it is very short-lived. It will help to avoid service of bank safes or deposit. This is much more efficient and cheaper insurance purposes.



Insurance of real estate transactions in the interests of the buyer is in great demand. What is important to the buyer? Property acquired or invested money in new buildings do not have the abyss! How can this happen?

For real estate acquired in the secondary market, a very dangerous situation with the recognition of the entire transaction to be invalid. This can happen for various reasons:

Seller relatives go to court and get a document confirming the incapacity of the property owner;
it turns out that the apartment has purchased the right to reside minors, soldiers or ex-prisoners;
the transaction was influenced by difficult circumstances;
we prove malicious collusion between representatives of the parties of sale, etc.
All the bases are detailed in eleven articles of the Civil Code, beginning with the 168th. There is also the 302 th article - requisitioning of property by court order from a bona fide purchaser. Buyers have something to fear! Modern types of insurance, such as title insurance, offer a real estate deal to protect against the risk of loss of property rights: in the agreement include all the grounds on which the transaction can be eliminated. To enter into such a contract worth at least three years - a period after which the claim is not accepted by the court.

For buyers of real estate in new buildings under construction, too, there is a risk of losing investments. Construction can be stopped at any stage and for any reason. In the interests of the investor (buyer) to insure the deposited amount. The insurance must cover the entire period of construction planned for about six months - for the issue of securities entitling the end of construction takes three to six months.

Insurance of property from damage or loss is the most common type of insurance activity. Own property often insured in case of fire or flood. And if you intend to take out a loan due to your property, you will be asked to compulsorily insure mortgaged object against all possible risks.

The insurance company will offer you a list of insurance claims to ensure full or partial payment of the sum insured. Read it carefully! It is unreasonable to insure against accidents house located away from the road! Representatives of lending institutions you will likely agree. And you save your money: in fact, the greater the risks specified in the insurance contract, the higher the amount you will have to pay for it.

Insurance - is good, all the charm of which are estimated only when the insured event.