I posted this on another site, and didn't receive a definite answer.....I'm not familiar with home lease/purchases, so you guys might have some insight.....


I've got a young family-member couple who is in a 6 month lease-to-purchase home contract with a builder/contractor.

They have already signed all the paperwork, purchased renter's insurance, and moved in, last week.

Now, the builder/contractor wants THEM to purchase homeowner's insurance because his builder's risk insurance will only cover the home, during construction.

WTF????....why or how should THEY be responsible for the homeowner's insurance, and don't even own the home, yet???