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Rebuild me to the new building code!

Insurance:  Ordinance and Law Coverage – What you need to know!

An important coverage available to building owners is “Building Ordinance and Law Coverage.” This coverage is sometimes included in property insurance policies and can be added by endorsement for an additional premium. In some situations (as mandated by Florida statutes) certain policies must include ordinance and law (O&L) coverage unless the client rejects the coverage in writing. Whether the coverage is statutorily required or not, it’s a very valuable option and all building owners (residential or otherwise) should be encouraged to obtain the coverage in order to provide the best possible protection. Read the rest of this entry

How to Guide Real Estate Closings – Part II

There is a lot to gather together for a real estate transaction, but with the help of your friendly title agency, you shouldn’t have to go crazy!

The title company will need to know if this closing will be a mail away. A closing can take place without any parties actually coming to the closing. This can happen via overnight mail or email, depending on which side of the transaction you are on. If the seller is a foreign national or out of the country, the seller may need to coordinate an appointment at an Embassy for notary purposes, so the seller may need to plan ahead. Read the rest of this entry