What is breach of warranty in insurance?
What is breach of warranty in insurance?
Breach of Warranty Clause — a lienholder’s or lessor’s interest endorsement that causes the policy to continue to protect the financial interest of a lienholder or lessor even when the insured breaches a condition, thereby voiding coverage.
Who typically pays for rep and warranty insurance?
In most cases, the buyer bore full, or shared with the seller, responsibility for RWI premium payments. The seller bore full responsibility for payment in 10% or so of reported transactions. Jun 9, 2021
What is insurance M&A?
M&A Insurance – or Transactional Risk Insurance – is a set of protections designed to help both buyers and sellers mitigate risk and facilitate the closing of a deal. For instance, buyers and sellers are often concerned about how contractual guarantees, taxes, or ongoing litigation might impact a merger or acquisition.
