Q: If I purchase a model home from the builder who wants to lease it back for 6-7 months what insurance should he carry?
I'm struggling to find a home policy that will cover my liability during the builder lease back period as they say residence is being used for commercial purposes. In the tenant policy they have this but is that enough to protect me?
18. RISK OF LOSS/INSURANCE.
A. Landlord and Tenant shall each be responsible for loss, damage, or injury caused by its own negligence or willful conduct.
B. Tenant should carry insurance covering Tenant's personal property and Tenant's liability
A: I'm sorry your question remains open for three weeks. This could be something that an insurance professional would be in a better position to advise on than an attorney. An insurance broker would probably want to discuss the situation more thoroughly than is possible in the brief question & answer format here. Good luck
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