WARNING - Insurance from exchange of contracts

justcat01

eddddy said:

justcat01 said:

I'd be interested to know how the owner wouldn't cover the repair (via cash or insurance), when I was of the understanding that the house would need to be in the same condition as it was on exchange? 

It needs to be in the same condition... in the sense that the owner mustn't do anything that changes its condition (or allow anyone else to do anything that changes its condition).

So the owner mustn't do stuff like...
- cut a pipe to cause a flood
- set fire to the house
- knock holes in walls
- remove the boiler or central heating

But unforeseeable events (that an insurance policy would normally cover) are the buyer's responsibility, for example..
- a pipe unexpectedly bursts
- a hidden electrical fault unexpectedly causes a fire
- the building is unexpectedly struck by lightening

Thanks for explaining!