MH insurance Q - Posted by mike


#1

Posted by DJ on December 30, 1998 at 20:38:58:

Mike,
If you plan to buy & sell MH’s regularly, you need to talk to an insurance agent in your area that understands your position. You should be able to get a temporary binder put on a MH until it sells, and if you finance for your buyer, make sure they take out their own policy before you turn over keys! Good Luck!
DJ


#2

MH insurance Q - Posted by mike

Posted by mike on December 30, 1998 at 15:43:15:

Between the time that you purchase a MH and sell it on terms, what do you do about insurance? I have only done one “Lonnie” deal and luckily had a buyer lined up before I purchased. My buyer insured it the same day that I sold to him. I am about to purchase another MH but don’t have a buyer lined up yet. What is the best way to handle the insurance? Do I just go out and insure it while I am lining up a buyer? How do you MH experts normally do this?