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Rick and Wyllis Gierdal
"We can only say “hats off to Team Firnstahl!” We had such a great experience from the first time we walked into the office until the time of the closing. Everyone was so friendly and ready to help in any way. We thought the brochures that were left out when there was a showing of the house were really great. We can say that the entire experience was “first class.” Thanks Team Firnstahl!"
Rick and Wyllis Gierdal
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Insurance >Hazard Insurance
Are you considering taking out hazard insurance on a property before you actually take title? It may be a good idea!
Even though you are not yet the owner of record, as the buyer, you have an insurable interest in a property the moment that you and the seller execute the sales agreement. As a matter of practice, however, buyers do not usually take out insurance until the papers change hands, and it should not be necessary if the agreement of sale is properly executed.
It is very important to both parties that the agreement states that the property will be insured for a specific amount. From the buyer's point of view, an adequate sum must be stipulated, and the agreement should not read "as now insured", which can indicate that the seller may not want to increase the insurance.
As a general rule, the amount of insurance on the buildings on a property should equal the sales price, less the value of the lot.
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| Q |
What tropical haven is back in vogue, attracting celebrities like Cher, Madonna, and Sylvester Stallone, who have homes here?
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| A |
Made up of 17 islands in Biscayne Bay, Miami Beach is the "American Riviera" and famous for its tropical beauty. |
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- NUMBER1EXPERTS™ 
