Posted by Bud Branstetter on December 08, 1998 at 21:06:22:
If the optionor was sharp he would ask to have an insurable interest. If you do this in a land trust and show him the land trust would get the insurance proceeds there shouldn’t be a problem. If you were sandwich leasing directly showing that their was enough to cover any rebuilding required had better satisfy him becausee he is not the one in control. In reality one in a hundred might ask the question.