I'm in the process of purchasing an RV12 from a person who purchased it from the builder. The seller has been conducting his own annual condition inspections. He is requiring a clause in the purchase agreement that would require that I indemnify him from any claim. Is it common for buyers to agree to indemnify a seller?
Another question is if it's possible for me as the buyer to purchase insurance that would cover indemnifying the seller? I know that some insurance companies will cover the seller for up to a year after the sale under the sellers policy. I have not been able to find any coverage that I can purchase as the buyer however.
Thanks in advance for your input.
Another question is if it's possible for me as the buyer to purchase insurance that would cover indemnifying the seller? I know that some insurance companies will cover the seller for up to a year after the sale under the sellers policy. I have not been able to find any coverage that I can purchase as the buyer however.
Thanks in advance for your input.