I have a 66 space park under contract in southern NM. All tenant owned homes. Due to the high wildfire risk rating, the local insurance broker says I cannot obtain business interruption insurance - only liability. Is this becoming a widespread problem? How are you and your lenders dealing with it?
I would try Proper Insurance, Zach Tate is ver good and knowledgeable. Loyds of London writes Insitance for them…usually a vacation rental insurance program but they’re very thorough and pricey…BUT their coverage is the best I’ve ever seen. I just switched 14 of my units to them as I short term rent mine out in Florida.
Hi Joe, Call me when you can and I’ll investigate for you. Kurt Kelley. Mobile Insurance. 800-458-4320, ext 117. High fire hazard areas restrict options, particularly with the highest value MHC insurance programs.