Palos Verdes Estates, Rancho Palos Verdes and Rolling Hills real estate listings and homes for sale in California - Pamela Lieb, REALTOR® REALTOR® Logo - NUMBER1EXPERT™ NUMBER1EXPERT™ Logo
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For more Information on these homes, contact Renowned Property Specialist Pamela Lieb at 310-375-9831 or e-mail: Pamela@PamelaLieb.com

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Real Estate Tips
First Time Buyers >Insuring Your Home

Many home buyers are concerned about whether they have an insurable interest in the property before the actual closing. The answer is an unqualified "yes". Although the buyer is not yet the recorded owner of the property, he or she has an insurable interest in the property as soon as the agreement of sale is executed by both the buyer and seller.

Should you get hazard insurance before the closing? It depends. Buyers do not usually insure a property until the title passes to them from the seller. However, it's wise to know what the agreement between you and the seller stipulates with regard to insurance.

Most agreements state that the property will be insured for a specific amount. This is very important to both parties. From the buyer's point of view, it is also critical that an adequate sum or full replacement value be stipulated. Watch out for agreements which read "as now insured". This is an all-too-common practice which usually indicates that the seller does not to want to increase inadequate insurance coverage.

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Pamela Lieb, REALTOR®, real estate agent and broker for Palos Verdes Estates, Rancho Palos Verdes and Rolling Hills California home listings, property and land for sale - NUMBER1EXPERT(tm)

Pamela Lieb
RE/MAX Palos Verdes Realty

25550 Hawthorne Blvd Suite 100
Torrance, CA 90505
DRE# 00779647
Office: 310-375-9831
Fax: 866-319-6577
Cell: 310-683-9743
PamelaLieb@NUMBER1EXPERT.com

Pamela Lieb, CRS, GRI, CLHMS, QSC, Re/Max Palos Verdes Real Estate Broker with over 25 years of experience in the representation of unique estate properties in the prestigious communities of Palos Verdes Estates, Rolling Hills, Rolling Hills Estates and Rancho Palos Verdes, as well as the South Bay Beach Cities, Torrance, and San Pedro. Pamela's extensive knowledge of the South Bay enables her to excel at matching clients to the perfect home. Pamela is dedicated to serving the needs of her clients with discretion and attentive service. A favor of reply is requested to join Pamela's distinguished client list: 310.544.1365 or e-mail Pamela at Pamela@PamelaLieb.com

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