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 Condo fire insurance

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TSsoonph87
post Feb 23 2019, 09:09 PM, updated 7y ago

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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?
nookie188
post 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
TSsoonph87
post Feb 24 2019, 11:59 PM

New Member
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Junior Member
20 posts

Joined: Feb 2012


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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