This has actualy happened twice during my career . In Nova Scotia the buyer can take the insurance proceeds and still close or not buy the property. In both cases I was involved in the buyers decided not to buy.
Larry Matthews is a recognized expert in Nova Scotia real estate. He is licensed as a real estate broker, real estate appraiser and mortgage broker. The Nova Scotia Legislature has passed a resolution recognizing Larry and his wife Peggy for the success of their company Hants Realty Limited. The Municipality of East Hants awarded Hants Realty Limited with a certificate of recognition for providing 25 yrs of quality service to the residents of East Hants. Larry is an author,photographer,artist and publisher. http://www.easthants.com http://www.larrymatthews.com