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"Self Insurance" from below
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Birddy
Posted 5/3/2024 06:07 (#10726890 - in reply to #10726872)
Subject: RE: "Self Insurance" from below



ND

Aaron SEIA - 5/3/2024 05:34 If there is no loan against the property, I'd assume how to pay is up to you. Lender is going to want some kind of proof you can pay the loan off if the property is destroyed. AaronSEIA


Good point, a lender will require insurance when the collateral is a house, car, machinery or buildings.

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