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Home Owners GOLD & Strata Owners GOLD1 for Existing Residential Property Owners
Existing ‘Owner’ clients are open to many of the same risks apparent to property purchasers, such as fraud or forgery, encroachment issues and illegal building works. These risks are inherent whether the property is owner occupied, investment or holiday property.
- Fraud or forgery resulting in a challenge to your client's ownership;
- Fraud or forgery resulting in your client's home being mortgaged without their knowledge;
- Encroachments or boundary issues;
- Illegal building work that could result in the council ordering the demolition or repair part of or all of the property;
- Zoning issues which preventing the owner from residing in the property.
As with our purchaser policy, First Title's Existing Home Owners GOLD & Existing Strata Owners GOLD offers peace of mind for these risks, but there also may be a potential problem with the property which is already known about. As such, First Title may well be able to provide coverage over these known risks too.
If Property Risk Insurance wasn't considered when the home owner bought the property, First Title's Existing Home Owners GOLD & Existing Strata Owners GOLD means that the home owner can now insure against the risk of loss arising from such risks.
For further information see our Resource Centre. Alternatively, please contact our Customer Service Team on 1300 362 178 or click here to contact us.
1Home Owners GOLD & Strata Owners GOLD is registered trademark of First Title