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The scam is often run on vacant land or unoccupied vacation homes, but not always: In one recent case in North Carolina, a woman managed to obtain the title to a multimillion-dollar house despite ...
A May 2024 study by the American Land Title Association and economic research firm NDP Analytics with 783 responses found seller impersonation fraud — when someone fakes the identities of ...
However, if someone is injured in your unit, the liability coverage on your condo insurance or co-op insurance could pay. Injuries and subsequent legal fees can be expensive, so consider the ...
Buildings are subject to many different risks while under construction. They may catch fire, be damaged by high winds, or fall victim to other force majeure.A principle of common law is that any new construction or other improvement to land becomes property of the owner of the land – the title holder – once there has been an "improvement" to the owner's site.
The company largely specializes in general liability, commercial property, commercial auto and professional liability insurance. [2] Located in Parsippany, New Jersey, Western World Insurance Group provides commercial insurance products through a nationwide network of wholesale agents and brokers within the E & S specialty lines industry. [3]
Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.
Vacant home insurance: ... Liability endorsements: These offer additional financial protection against accidents or injuries that might occur on your property during the renovation process.
The first title insurance company, the Law Property Assurance and Trust Society, was formed in Pennsylvania in 1853. [1] Typically the real property interests insured are fee simple ownership or a mortgage. However, title insurance can be purchased to insure any interest in real property, including an easement, lease, or life estate.
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