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Condo fire insurance
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TSsoonph87
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Feb 23 2019, 09:09 PM, updated 7y ago
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New Member
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Hi, i am not sure what to do. i recently bought a subsale unit and the bank requested me to pay the fire insurance. the bank said i can collect the fire insurance policy that the management bought to claim back my money. the problem is i got my unit on feb and the management insurance policy is still under previous owner name, can i use it to claim back my money even the name is different? if not, what should i do?
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nookie188
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Feb 24 2019, 11:54 AM
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QUOTE(soonph87 @ Feb 23 2019, 09:09 PM) Hi, i am not sure what to do. i recently bought a subsale unit and the bank requested me to pay the fire insurance. the bank said i can collect the fire insurance policy that the management bought to claim back my money. the problem is i got my unit on feb and the management insurance policy is still under previous owner name, can i use it to claim back my money even the name is different? if not, what should i do? just ask the office to get the insurer to issue you with the new cover showing your name and yr financing bank on it.. should take a few days but you should chase up otherwise the bank for sure will charge you - some just quiet quiet load on to your loan amount ..be proactive
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TSsoonph87
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Feb 24 2019, 11:59 PM
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New Member
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QUOTE(nookie188 @ Feb 24 2019, 11:54 AM) just ask the office to get the insurer to issue you with the new cover showing your name and yr financing bank on it.. should take a few days but you should chase up otherwise the bank for sure will charge you - some just quiet quiet load on to your loan amount ..be proactive Hi, ok thanks for the information, will call up the management tomorrow.
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