Hazardous Insurance

Home Forums Purchase Program Hazardous Insurance

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • #71980
    wanthon
    Participant

    Good afternoon,
    I’m doing new construction and it won’t be completed until January 2021 and I have a pending condition for HOI. Insurance agents say they can only go as far as 70days out for a quote. Any suggestions on how to handle this? I really want to go ahead and get this out the way.

    #71982
    Kristijay
    Participant

    Hi. You’ll have to wait until closer to completion before you can fulfill the HOI on new construction. My insurance company would not issue HOI prior to 60 days from close. Try again when you are 70 days out and you should be fine.

    #71983
    Damien Smith
    Participant

    Greetings @Wanthon,

    I hope this message finds you doing well! Please ask for the quote within the time frame that they will allow 70 days out as well as ask for the Declaration Page and get the specific language from the Settlement Agent to give to the Insurance Agent. You should be fine just get it as soon as you are able to get it. I hope this helps!

    Damien Smith
    Online Communication, NACA

Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.