Everything about real estate insurance is perceived as a derivative of the word insurance. In fact, this is protection. From this point of view, you should approach the issue of real estate insurance. When purchasing real estate on the secondary market, no one can guarantee that the transaction is 100% clean. Even after a few years, relatives of the former owners of the apartment may show up and present their claims.
In such cases, insurance companies offer “Title insurance”. It will protect against the risk of loss of property, in case of loss of ownership rights to the purchased property. Continue reading