The Iowa Court of Appeals upheld a decision by a lower court that a builders risk insurance policy remained in effect after the policyholder transferred the property, by warranty deed, to another party in exchange for that partys agreement to use his good credit to borrow additional money required to finish a project on the land.
Iowa Court: Property Transfer Doesnt Negate Builders Risk Policy
External References & Further Reading
http://www.insurancejournal.com/news/midwest/2010/10/08/113905.htm



