Jacksonville FL Insurance Policy needed
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.