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Property Insurance Availability Contingency Lancaster Pennsylvania

On a Pennsylvania real estate contract for the purchase of residential real estate, on line 145 is a Property insurance availability contingency. If you decide to elect this box, you have fifteen(15) days to identify acceptable homeowners insurance for your desired property. If with in fifteen(15) days you cannot find acceptable property insurance available for said property, you must notify the seller in writing that you will not be moving forward in said contract. Every situation is different, if you have questions, contact your realtor or for legal questions contact your attorney.  I recommend Jeffrey D. Mohler for Real Estate law in Lancaster Pennsylvania.