Release Insurance Info??
I have a buyer of a multi-family property that is wanting us to sign a release for our insurance information. This is the first time I've ever been asked to sign such, and feel it is a bit of an odd request.
I cannot think of any reason not to sign. We aren't hiding anything, and haven't had any claims. Nevertheless, it just seems like an unusual thing to ask for.
Any insight/comments?
Well, while I can't say I see any big objection, my rule is before I GIVE something, I want something in return from the other side...so I'll demand something from them in return.
In fact, here, I think I'd make them absolutely commit and get their funds into escrow before letting them look at your property records, insurance, etc....so you'll soon know how serious they are...or aren't.
[addsig]
Did you ask their reason for the request? It may be that they need a referral to insure the property if they buy it, as hard as the market has been...