That is a good question for your agent as it could vary depending upon your policy and coverage. As it was explained to my and as it pertains to my policy, your new policy would not cover work done prior to the commencement date on that policy. Should legal action be taken on work that was performed prior to your purchase, the former owner’s policy should be attached for the suit. You may consider part of your purchase agreement requiring their policy be kept in force for a period of time for this sort of issue. But again, this is a question for your agent as the laws vary from place to place. Good luck to you!
