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That way, if the builder goes kaput, the money for any repairs will go to you, allowing you to fix things on your own. Lew Sichelman has been covering real estate for more than 50 years.
On October 30, 2007, the company agreed to pay $261,000 as part of a $1.4 million settlement by 6 home construction companies to resolve allegations by the U.S. Department of Housing and Urban Development that title insurance companies paid kickbacks to the builders in exchange for referrals. The companies denied wrongdoing and said that they ...
Florida’s insurance policies — including windstorm coverage, but not flood protection — averaged around $6,000, 42% higher than in 2022, according to the institute.
A home-building giant has its nose out of joint after Arizona home inspector Cy Porter called out construction flaws in new-build homes. Scottsdale-based Taylor Morrison took offense when Porter ...
Builder's risk insurance is "coverage that protects a person's or organization's insurable interest in materials, fixtures and/or equipment being used in the construction or renovation of a building or structure should those items sustain physical loss or damage from a covered cause."
Insurance: The insurance company's directors unlawfully used money from people holding guaranteed annuity rate policies to subsidise people with current annuity rate policies. After a House of Lords judgment in Equitable Life Assurance Society v Hyman, the Society closed.
Jimmy and Heather Riley, a retired couple with a 3 bed, 2 bath home in St. Pete Beach, Florida, made a decision to “go bare” (another term for going without some or all coverage) on their home ...
This is a list of notable financial institutions worldwide that were severely affected by the Great Recession centered in 2007–2009. The list includes banks (including savings and loan associations, commercial banks and investment banks), building societies and insurance companies that were: