🏡 Buying a Home? You Must Know This! 🏡
The important thing for a buyer to know is you take over risk of a property at 12:01am on the completion date, not the possession date, so that is when you're insurance has to kick in.
In the contract of purchase and sale that is specifically noted in there saying that is when the risk transfers over.
If a property is standing at 12 and burnt down at 12:02, the buyer insurance is the one covering it.
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