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Land Contracts
Ross Diversified is very knowledgeable regarding the challenges Land Contracts present to the owner of the contract. Many states view Land Contracts similar to a lease option. The Land Contract will usually stipulate terms that include who the responsible party is that should maintain insurance coverage on the property and that responsibility usually falls to the occupant of the property. However property coverage and liability coverage are two coverages designed to protect against two very different risks.
Ross Diversified Offers
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National Coverage
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Limited Liability Protection for the owner of the Land Contract in the
event someone gets hurt on the property
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Low Value Property Coverage protection for the owner of the Land
Contract in the event the occupant’s coverage is inadequate
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High Value Property Coverage protection for the owner of the Land
Contract in the event the occupant’s insurance is cancelled or not renewed
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