Currently very popular was this type of insurance - as insurance of immovable property. This is due, above all, with a huge number of reasons. For example, mention may be made of the reasons for and the insufficient quality of public services, as well as poor technical condition of some of the old buildings, or high levels of crime in the country and so on. By the way, most of the insurance is to draw up a house in the elite residential complexes.
So, the insurance policies of the rights of ownership of real property include:
- Financial guarantees on return of all funds invested in the acquisition of rights to the property. By the way, in this case, the size of financial guarantees will be determined directly dependent on the market price of an object.
- Complete the process of legal support, upon presentation of legal action, which will challenge the ownership of the insured real estate object. Policyholder (owner B) in this case generally is not required to take any part in the proceedings in this dispute - all questions related to this, it can completely trust your insurance company. In addition, the costs for legal support and other aspects also takes it insure?
- High degree of protection against all kinds of lawsuits challenging the right of ownership. When insuring property, or rather the right to property, you protect yourself and your property from any defects. This suggests that any legal claims by third parties on your property that occur prior to the acquisition of real estate and you are saved after the fact, will also be part of your insurance.
And if the order of the trial will still be made the decision to deprive you of ownership of immovable property is insured, the insurance company will have in this case fully compensate you harm. Such disputes, by the way, are solved for a long time and tend to drag on for a very long period of time. However, even if at the time the relevant decision of your insurance contract has ended, then the insurer will still have to carry on the treaty full responsibility, until the entry of a particular sentence in its validity.
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