Comments on: Conveyancing – Buying a House, Risk & Insurance http://www.lawexperts.com.au/conveyancing/conveyancing-buying-a-house-risk-insurance/ Expert lawyers from Corney & Lind Lawyers blog about real legal questions Fri, 27 Jan 2012 06:57:14 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Andrew Lind http://www.lawexperts.com.au/conveyancing/conveyancing-buying-a-house-risk-insurance/comment-page-1/#comment-1862 Andrew Lind Sun, 18 Jul 2010 23:29:27 +0000 http://www.lawexperts.com.au/?p=67#comment-1862 If the Sale Contract provides that the risk of the property moves to the buyer on the next business day after the contract is signed the Buyer must take out appropriate insurance from the date the risk moves to the Buyer. I suggest that you take advice from your insurer about the possible impact of double insurance. Let us know if our <a href="http://www.corneyandlind.com.au/services/conveyancing" rel="nofollow">specialist conveyancing solicitors</a> and <a href="http://www.corneyandlind.com.au/services/property-law" rel="nofollow">property lawyers</a> can help with your conveyance. regards Andrew Lind If the Sale Contract provides that the risk of the property moves to the buyer on the next business day after the contract is signed the Buyer must take out appropriate insurance from the date the risk moves to the Buyer.

I suggest that you take advice from your insurer about the possible impact of double insurance.

Let us know if our specialist conveyancing solicitors and property lawyers can help with your conveyance.

regards
Andrew Lind

]]> By: R.J. http://www.lawexperts.com.au/conveyancing/conveyancing-buying-a-house-risk-insurance/comment-page-1/#comment-1859 R.J. Thu, 15 Jul 2010 10:56:16 +0000 http://www.lawexperts.com.au/?p=67#comment-1859 We were told by our insurance company that if the vendor has insurance and we take out insurance as well, that if something happens to the house neither insurance company will pay anything as they will both say it is the others responsibility. Even our solicitor said it is a grey area. We were told by our insurance company that if the vendor has insurance and we take out insurance as well, that if something happens to the house neither insurance company will pay anything as they will both say it is the others responsibility. Even our solicitor said it is a grey area.

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