Posted by Ed on January 23, 2005 at 13:23:34:
Be careful. If you need file a claim and cant prove you rented it to " a friend" burned up furniture wont convince a claims agent. Remember a lot of companies look for reasons to bump off your claim. Either really rent it out or try Diamond state insurance co. Evanston Il, sorry I dont have a # available. Yes its more $ but its a good policy for vacant. I have used them many times.
Insuring a rehabbed doublewide - Posted by Frank B
Posted by Frank B on January 17, 2005 at 20:22:02:
I noticed a posting in 2003 asking how to insure an empty mobile home about to be rehabbed. No good answers resulted. I have just finished rehabbing a doublewide in Anderson, SC and need building and liability insurance until it sells. Hopefully short term protection !!! Anyone know a company that writes insurance on empty doublewides on permanent brick foundations on an acre of land ?
Re: Insuring a rehabbed doublewide - Posted by Bill
Posted by Bill on January 18, 2005 at 06:27:44:
Insuring empty properties is a pain, too be sure.
Never have an empty property as far as insurance goes, is the answer. Go to goodwill or some place and buy some used furniture. Bed, dresser kitchen table and chairs, living room couch, end table, lamp, and dishes ($200-300 for all). Put them in the unit. Have the utilities turned on. Rent the unit to “a friend” until it sells. If your friend is away on vacation, during the sale period, that happens and your unit will not have much wear and tear. Thus, your unit will not be vacant. Insurance on vacant units is MUCH higher. Since yours is not vacant, regular landlords insurance should apply.The savings will pay for the furniture. When you get the next unit, repeat as necessary.