Arelle Valla

I was handling closing of a real estate property the other day, and among the requirements and forms to fill are a couple of insurance forms on top of the usual Reservation Agreement and Contract To Sell.  The client was asked what the forms are for, and I told her it’s an insurance the Developer is getting for you, at no extra cost. It is a form of security that should something happen to you as a buyer, there will be an insurance that would cover the financial obligations to the Developer for unpaid balances.

 
A health insurance coverage is also another security that the Developers get, so that health related expenses will not get in the way of the monthly amortization.  Insurances are very important. Get a health and term life insurance quote today.