• Indemnity Insurance

    By Guest on 08th Feb 2015

    which responsibility is buying the indemnity cover for the property is the buyer or the seller?

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    By Guest on 06/04/2015

    There is no absolute rule however generally the seller will pay. The rationale for this is that whatever defect is being insured would not have been apparent to the buyer when making his offer and he might argue that had he been aware of it he would have reduced his offer accordingly, just as if he saw a physical defect such as damp.

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