Orlando, Windermere, Gotha and Winter Garden Weather 

Are you considering taking out hazard insurance on a property before you actually take title? It may be a good idea!

Even though you are not yet the owner of record, as the buyer, you have an insurable interest in a property the moment that you and the seller execute the sales agreement. As a matter of practice, however, buyers do not usually take out insurance until the papers change hands, and it should not be necessary if the agreement of sale is properly executed.

It is very important to both parties that the agreement states that the property will be insured for a specific amount. From the buyer's point of view, an adequate sum must be stipulated, and the agreement should not read "as now insured", which can indicate that the seller may not want to increase the insurance.

As a general rule, the amount of insurance on the buildings on a property should equal the sales price, less the value of the lot.

	See All Tips In The "Insurance" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

SF Realty Partners
Keller Williams Classic Realty
5979 Vineland Road, Suite 101
Orlando, FL 32819
Toll Free: 800 903 8124 ext. 7079
Fax: 407 992 7079
Direct: 407 445 7079
info@SFOrlando.com

We got into real estate because we realized that there had to be a better way to serve people trying to sell or buy a home… and decided to do something about it. We act more as a 'consultant', not just as an 'agent'. Having spent years in consultative roles dealing with executives and business owners throughout the world, we felt it really was a matter of applying the consultants' perspective in a different (and better) way than most other practitioners in the field. We know exemplary service and we know how to deliver it. Our goal is to fulfill needs and exceed expectations- every time. We LISTEN to our clients, to understand your needs and desires and to better implement the right strategy to meet your goals. We try to minimize your risks and protect your interests as we pilot you through what can be a complex and frustrating process. Seth and his team really know what is important when working with a real estate professional. So, when you work with SF Realty Partners… YOU Make the Smart Move! Please don't keep us a secret!