Additional Details
1 month ago
Courtney, thanks for your response. It%26#039;s the most helpful one I%26#039;ve received so far.Mbrkatz: I%26#039;d like to believe you; however, I have a piece of paper on my kitchen table right now saying %26quot;Sellers Insurance Claim form.%26quot; (It contans few details.) As you suggest in your response, I thought maybe the policy had something to do with real estate errors. However, I don%26#039;t know the details of this, which is why I asked the question. Can you tell me more about this type of insurance? Thanks.
Best Answer
Sellers insurance is just a homeowner%26#039;s policy, that could also include an endorsement for a vacant home that is for sale. You want to cover the home for all perils. It will also cover liability if someone gets hurt while they are on the property. As the seller, you want to have the home insured for anything that might happen to it.You might make a claim for several reasons: water damage, fire, vandalism, tornado, damage from a vehicle running into it, and many more things you probably haven%26#039;t thought of. :) Been in insurance for 10 years now.
Other Answers (2)
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There isn%26#039;t a policy called %26quot;seller%26#039;s insurance%26quot;. ANY insurance policy will provide a type of financial security.
Most likely, you%26#039;re referring to either real estate errors and ommissions coverage, or the homeowner%26#039;s homeowner insurance policy. agent, 21+ years
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