The word insurance is perceived as a derivative of the word fear. In fact, it is a protection. From this point of view, it is necessary to approach the issue of real estate insurance. When purchasing real estate on the secondary market, no one can guarantee that the transaction is 100% pure. Even after a few years, relatives of the former owners of the apartment can appear and present their claims.
In such cases, the insurance companies offer “Title insurance”. It will protect against the risk of loss of property, in case of loss of ownership of the acquired property. The insurance company itself carefully checks all the circumstances of the transaction. Continue reading