Representative

Posted by marmara on November 8, 2011

Title Insurance – insurance property losses as a result of termination of the right of ownership to it. It provides protection in case of property acquired property will be demanded by the owner for various reasons: the conclusion of a contract of sale in violation of the law, the preservation of the rights to property after his exclusion from a third party, lack of capacity or capacity of the seller, etc. Simply put, this property is not insurance at a possible case in the future, and prevention of accidents of various contingencies that might already be the case when signing a contract of sale of housing or even earlier. Determinants in choosing an insurance company would be several criteria: the stability of an insurance structure that corresponds to the material base and experience in the market; wide range of insurance products, individual approach to every customer, guarantees protection of clients' rights (the legal support of the conclusion of insurance contracts and the settlement of insurance claims for payment of insurance recoveries). You should know that the transaction may be invalidated if it was concluded: at the suit of one of the owners of property in common ownership by reason of absence from the person who sold the property, appropriate authority from the other owners, by an unauthorized person or entity in excess of its existing powers, incapable citizen, recognized as such because of mental disorder; citizen limited capacity due to a court in the abuse of alcohol or drugs, under the influence of delusion, under the influence of fraud, violence, threats, malicious agreement Representative On the one hand with the other party or exceptional circumstances, a minor under 14 years old or minors under the age of 14 to 18 years without the consent of his parents, adoptive parents or guardian, a vindication Insured (bona fide purchaser) for value acquired their property by the owner of the property if it had left the possession of the last person to whom it is transferred to the owner in possession, in addition to their Will (lost, stolen, etc.), a national, not able to understand the significance of his actions or control them at the time of the transaction (jar or other disease, physical trauma, etc.). There are other reasons that the transaction be void: non-compliance form of the agreement, failure to comply with the simple written form, failure to comply with the mandatory notarial form, the invalidity of the agreement, which does not meet the requirements of Law, the invalidity of an agreement concluded as a result of errors, and imaginary invalid sham transaction; invalidity of the agreement entered into by fraud, violence, threats, and intentional agreement with the representative of one party by another party or a confluence of grave circumstances, for other reasons. In the event that the contract of sale is not valid, the seller must return the money to the buyer.

And if salesman, has spent the money and can not return them. What do I do then? There is always a way out of difficult situations, especially if you take care of in advance – it may be insurance. If the buyer has insured loses apartment, the insurance company pays the market value of his apartment. A showdown with the seller is an insurance company. Getting document of ownership, buyers of apartments can, if desired simultaneously receive and the insurance policy under which it will act as the acquirer gains. Policyholder advocate the same insurance company in Volgograd, and their partner real estate company "Kvadrametr" specializing in real estate.

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