Monday, October 15, 2012

Insurance pays if buyer dies before closing

MOBILE, Ala. – Oct. 15, 2012 – Many things can go wrong in a real estate deal between contract signing and closing, though accidental death of the buyer is rarely one of them.

Still, a new insurance product offers to give sellers peace of mind if the buyer dies unexpectedly. Called AssureClose, the insurance guarantees closing following the “accidental death of a buyer.” Should that happen, AssureClose buys the home.

According to AssureClose’s media release, the cost is less than $100 for an average home.

Should the buyer meet an unfortunate end, AssureClose gives the estate two options. Heirs can walk away with refunded deposits on the purchase, or they can buy the home themselves at a 10 percent discount.

For real state agents, AssureClose promises full payment of commissions, and it’s marketing the product, in part, to agents who wish to protect their commission and offer an added benefit to homebuyers.

Trawick International offers AssureClose, which is underwritten by Lloyd’s of London.

For more information, go to the
AssureClose website.

© 2012 Florida Realtors®

No comments:

Post a Comment