Hi All
I hope this is the right place to post this.
My parents are buying a home in Washington State using all cash. They are selling their home in Minnesota.
They close in 1 week and an issue has arisen. They have made 2 insurance claims on the MN home in the last 5 years, both legitimate claims for under $10k. Now no insurance in WA will insure their new home. I know they technically don't need insurance but that seems like a terrible idea. The realtor is suggesting that they put the home in my name and I get insurance, I'm concerned about unforeseen risks.
I'm looking for advice: Does anyone have any suggestions of how they can get insurance? Is it a bad idea for me to put the house in my name and get insurance?
I already have a home with a mortgage if that's relevant.
Thanks for any help.
Submitted February 22, 2024 at 09:37PM by afrochum https://ift.tt/pJr2MUl
