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HO Policies Are NOT for Corporations

At the direction of their accountant, a husband and wife transferred ownership of their secondary residence condominium unit to a closely held family owned corporation, allegedly for tax purposes. Following a loss, the couple filed a claim for direct property damage and loss of use. Think there are any coverage problems?

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​127 South Peyton Street
Alexandria VA 22314
​phone: 800.221.7917
fax: 703.683.7556
email: info@iiaba.net

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