The buyer's rights
Insurance of the sold property
The law provides for the automatic transfer to the buyer of the insurance taken out by the seller for the property. Thus, the buyer is the owner of the insurance contract covering the risks that may damage the property (fire, natural disaster...).
The buyer has the possibility to cancel this contract after the sale, if he does not wish to keep it.
Pleasenote: it is not possible to stipulate in the sales contract that this insurance will not be passed on to the buyer. Such a clause would have no effect.
The property completed or having undergone work for less than 10 years
When a property is built, or when major work is carried out (extension, etc.), the owner is obliged to take out damage insurance. This insurance allows to pre-finance the repair works of the property, if a damage of decennial nature occurs. It is automatically transferred to the purchasers of the property.
The professional who builds a property, or who does building work, must have liability insurance that covers damage of a decennial nature that may occur on the property. The buyer of a property can act directly against the professional and declare a claim to his decennial warranty insurance.
Namely: buyer, you are informed of the existence or absence of these insurances of decennial guarantee and damage-work, by a mention in the act of sale.