adamsagency
Expert
- 36
Here's the deal. A client of mine is planning to move her house into an company name. She's already done the paperwork with a commercial mortgage and will close in days (supposedly). She asked me to contact the insurance company today and ask if they can switch from her name to her company. They flat out denied doing so and stated they will cancel the policy if the homeowner moves forward with the change in ownership for the home.
Any suggestions on what to do? Should I just write a commercial policy for her? I've never had an issue like this, and it's a problem. The house is in Westchester NY (Scarsdale) and has been ongoing construction upgrades. It's a tough house to place. Plus, she doesn't want to pay more than a few grand for insurance. So, I am perplexed.
I know, many would say just let her go. However, her parents are big into real estate, and I also write all their real estate too. I would guess to imagine, if I do not place her somewhere, I will lose the parents as well.
Any suggestions on what to do? Should I just write a commercial policy for her? I've never had an issue like this, and it's a problem. The house is in Westchester NY (Scarsdale) and has been ongoing construction upgrades. It's a tough house to place. Plus, she doesn't want to pay more than a few grand for insurance. So, I am perplexed.
I know, many would say just let her go. However, her parents are big into real estate, and I also write all their real estate too. I would guess to imagine, if I do not place her somewhere, I will lose the parents as well.