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Insurance For Park & Rental Trailers

db9 profile photo
  • Contributed by
  • db9
  • Friday, July 09, 2004 @ 04:56 AM EDT
  • 7 Comments

Anyone have a good recommendation of an insurance company that will cover a 30 space MHP and 11 rental trailers? A company that hopefully won't charge an arm and a leg . . .

I'm purchasing the property soon. Its located in Washington State.

Thanks! smile

D

Comments(7)

  • no photo
    investoraz3rd December, 2003

    Hello! I too am purchasing MH park in Washington St.!! I also need advice regarding insurance. ALSO...tip's / ideas / and what to look for when buying a Mobile Home Park. Can anyone help??? Feel free to e-mail

    Thank you!!!!!

  • no photo
    soulshine19th June, 2004

    Did either of you find a policy? I'm interested in learning about what you found. :-?

  • norrist
    norrist19th June, 2004

    As always, I plug Foremost Insurance. Not sure if they do rental MHs, though...

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    active_re_investor19th June, 2004

    If you do not mind sharing I would be interested in knowing where in WA state the two buyers are purchasing their park. I am a little further south in OR. No parks yet. Building an interest though.

    John
    [addsig]

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    sswilli9921st June, 2004

    I am also purchasing a park in Washington. It is just a small one in eastern WA. I have several quotes that were done for me and the best price I have found is around $74 per space per annum. That is for $1,000,000 liabilty. I got the quote from farmers, and from several commercial insurance brokers. All of the quotes I recieved (3) were in the same range of $1100 per year for my 15 unit park.

    Shawn

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    cheryllopez26th June, 2004

    REGARDING PARK INSURANCE --

    Ask the current park owner who they have the park insurance with. That is a first start if you do not have an insurance company in mind. Ask to see a copy of the park insurance policy and review it.

    I just closed an escrow on a park in California and the buyer continued with the seller's insurance company.

  • no photo
    overbeyro9th July, 2004

    Husband and I will put an offer to paper later today to purchase a 16 space trailor park. All 16 spaces have trailors about 3 need to be disposed of and alot of mant. work will be needed on the grounds. There are 5 trailors already rented with long term renters.

    I am also getting ready to call about insurance, so any help would be great.

    Also these tralors are 60's and 70's models. Is there anything I need to know for owning trailors of this age? asbestos, etc...(in MS)

    Does anybody know the rules, laws, etc In owning a tralior park in Mississippi?

    Thank you so much for your time :-D

    overbeyro

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