Monday, December 28, 2009

Home Loan Insurance Cover Builders Risk Insurance For A Construction Loan On A Mobile Home?

Builders Risk Insurance for a Construction Loan on a Mobile Home? - home loan insurance cover

We are trying a new camper who buy real estate. We work with a bank very well known and have been approved for a construction loan. I say the builders insurance must be purchased before we give final approval of the loan. I called the local insurance and the fact that nothing triggers for the mobile home. I brought the matter to the attention of banks over a month, but still telling me I have to builders insurance. What should I do? Presumed manufacturer of motor homes do not meet the technical risks of building or contractor, so he depends on me. How it really works? It is usually the buyer's responsibility?

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