Insurance for 60 Lot Lease Purchase Park


#1

All,

I am a newbie to MHPs, I lease purchased a MHP in mid-state Louisiana.

I am okay with the general liability insurance for the park and the 6 park owned homes.

Question, is there such a thing as catastrophic insurance to protect on rents for 3-6 months in the event of fire or a tornado?

Thanks,

Tim Dorst

(843) 670-8466

tdorst@yahoo.com


#2

Tim, the “loss of income” coverage is available. My policy (with EMC) provides this coverage on the lot fee portion only (not house rent). I think that Purvis agency (link on this site) is out of Texas- you should call them. I have found insurance coverage through agencies who understand and specialize in MHP business is less costly and has fewer gaps in coverage than general business type agencies.


#3

Thanks Shawn! Things are working out and I don’t have to lose sleep when I see dark red on the weather radar heading toward my MHP area.

Tim D.