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.