[CLC-Discussion] Builder's Risk Insurance, changing owners

[RPPTL CLC-Discussion]

I am representing the buyer of a high-end condo unit that is being built-out by the seller. The closing will occur before the work is completed and my client will assume the construction contract and work with the GC after closing. My question is whether the current builders’ risk policy can be transferred to the new owner or whether it will have to be reissued as of closing.


Howard Allen Cohen
Of Counsel
Florida Board Certified Attorney
   Real Estate Law
   Condominium and Planned Development Law

401 East Las Olas Boulevard
Suite 2250
Fort Lauderdale, FL  33301-4251
954 335 1589 (o)
howard.cohen at bipc.com<mailto:howard.cohen at bipc.com>

vCard<http://www.bipc.com/vcard.vcf?id=354> | Bio<http://www.bipc.com/bio?id=COHEN13> | BIPC.com<http://www.bipc.com/> | Twitter<https://twitter.com/buchanannews> | LinkedIn<http://www.linkedin.com/company/buchanan-ingersoll-&-rooney-pc>

Buchanan Ingersoll & Rooney PC
---------------------------------------------------------------------------------------
CONFIDENTIAL/PRIVILEGED INFORMATION: This e-mail message (including any attachments) is a private communication sent by a law firm 
and may contain confidential, legally privileged or protected information meant solely for the intended recipient. If you are not 
the intended recipient, you are hereby notified that any use, dissemination, distribution or copying of this communication is 
prohibited and may be unlawful. Please notify the sender immediately by replying to this message, then delete the e-mail and any 
attachments from your system.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/clc-discussion/attachments/20221212/d0105a4b/attachment.html>