Household vs Homeowners' Insurance

In this month's informative episode, Senior Associate and Head of STBB Claremont’s Bond Department, Junel Hickman, joins us to discuss various aspects of homeowners’ insurance, an essential component of property ownership. In a concise but insightful discussion, she canvasses the important distinction between homeowners’ insurance and household insurance, explains why homeowners’ insurance is a condition for securing bond approval, and provides insight on whether a seller or purchaser is responsible for paying insurance premiums when the purchaser takes occupation of the property prior to the registration of transfer.