What to do if - your transferee tells you the family needs to stay in the home for a while after title transfer to the RMC (relocation management company)
1. Most RMC insurance policies for relocation-related properties assume the property is not occupied
2. You must notify the RMC insurer of the transferee's extended stay, and the estimated time, to avoid any claim related issues during the extra time
3. The transferee's homeowner's policy may not remain in force as they don't own the property any longer; however, it may be a good idea for them to buy renters coverage
4. The RMC's insurance policy on the home will NOT cover the transferee's person property.
Taking these steps protect the transferee and the relocation company.
