This is the time of year when most home sales and purchases take place, from younger families "moving up" to older insureds "downsizing" their homes, or perhaps insureds just being transferred by their employers. It is not uncommon for the HO policy on the existing home to remain in place until closing takes place on the new home and the move is complete. Perhaps you've even recommended this to avoid coverage gaps, just like you would recommend auto insurance remain in place until a car is sold. However, according to some insurers, you may have created a completely uninsured risk for your client, along with a huge E&O exposure for you!
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