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Updated over 4 years ago,

User Stats

20
Posts
12
Votes
Justin Sellers
  • Rental Property Investor
  • Jacksonville FL
12
Votes |
20
Posts

Jacksonville FL Insurance Policy needed

Justin Sellers
  • Rental Property Investor
  • Jacksonville FL
Posted

Can anyone refer an insurance company that is knowledgeable with how Sub-To acquisitions work and how the insurance policy needs to be created?

How do I deal with claims (example roof) where the first named insured (Buyer), lien holder 1, lien holder 2, My LLC, and the Seller are on a claims check? I have heard to mail the check to LH 1 first for endorsement, and then with my power of attorney from the Buyer go to the bank with the Seller where we both endorse the check and then I can disperse funds to the Buyer.

I know that by law I cannot make my Buyer go with a certain insurance carrier, but I can "suggest" and offer the needed policy on my addendum during the sale of the home.

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