Home Owner’s ‘Private’ Insurance Bond?
Is it possible? Lets talk about it…
1. It is assumed that the Bondholder has recorded a Common Law Copyright Affidavit.
2. Probably requires the Property to be held in Title as ‘FEE SIMPLE’. This allows for ‘anything goes’ with usage/etc/
3. Property is held in the name of a TRUST, and so the ‘trust’ will make the claim. Because, the surety with SS/#exemption can not also be the Claimant. But claimant could be your 3rd party ‘family trust’ which you’ve ‘tendered the Bond’ just in case.
OH NO! FIRE WATER DAMAGE – WHAT TO DO!?
Trust could get bills for the damage, then file 1041 Return (claim), with evidence(s) of damages, ie Accepted Instruments to be discharged by the Bond., as tax-deductible withheld Income.
We need to keep in mind that the concept of a Bond pre-dates VIN numbers, Zip Codes, and also many of the ‘Identifiers’ used within this example. There should be multiple valid approaches here, and other ways to ‘make a claim’ if you had to. For those that have been ‘dropped’ by their provider and have no other options, why not give this a shot?? This concept falls under our UNLIMITED ABILITY TO FACILITATE CONTRACTS. Thats all this is, a preemptive ‘contract’, which we have at-the-ready. We just need more people trying this if nothing else, to ‘see what happens’.
