So I got a call today from our mortgage broker telling me that she contacted our insurance company to obtain proof of insurance for the new condo. Which of course they couldn't provide her as I haven't taken out a policy yet seeing as we don't even have an official closing date.
How am I supposed to insure a property that I don't even own. This does not make sense. But the mortgage broker is acting like she needs this right away and asked me to call the insurance company today to get it taken care of.
So tomorrow, I am signing an insurance policy that will start on July 1st. Even though, as I've mentioned, I don't know yet if we will be closing on July 1st. It could be later. So I could be paying for insurance for a condo that I may not actually own.
Does this make sense? Not to me.