Insure your offer! 

It doesn't change your obligations under the purchase agreement. It simply enhances your seller’s security if you fail to close. The insurance doesn't appear on title or affect the transaction terms with your lender.

Typically, no — this is a seller's private financial protection. The existence of this insurance is generally not required to be disclosed in the Agreement of Purchase and Sale, although disclosure is optional.

Defaulting buyers are  liable for the damages which result from a delayed or defaulted purchase. Having an SMO policy in place does not change or shift legal responsibility for damages under your purchase agreement. SecureMyOffer may pursue recovery after compensating the seller, as SMO assumes the seller's legal rights to recoup the damages.

No. The insurance doesn't appear on title or affect the transaction terms with your lender. It has no impact on your mortgage application or approval.

No. This simply means they are protecting themselves against the financial risk of a failed closing. It doesn't change your obligations or rights under the purchase agreement. An SMO policy simply indicates the seller is serious about the transaction and has taken steps to protect their interests.

You should always communicate honestly with the seller through your agent or lawyer about any issues that may affect your ability to close. The existence of SMO doesn't change your obligation to act in good faith and attempt to fulfill the contract. If you cannot close, you should work with your lawyer to understand your legal position and potential liabilities.

SMO doesn't make it easier or harder for sellers to sue the buyer. SMO provides the seller with immediate financial compensation and assumes the legal burden of pursuing damages.  The legal liability and award of compensatory damages are usually determined by a judge, not SMO.