I have bought, sold, and prepared land contracts for years for clients and typically require the purchaser to furnish insurance (in amount approved by seller) in the names of the Seller and Buyer with respect to their insurable interests to protect BOTH parties.
This is NOT a question you want to hang your hat on as far as the answers received here regardless if from attorneys let alone lay persons on a tractor forum as it depends on the contract terms and laws of your jurisdiction.
Consult local counsel, I have told you how I do it in my jurisdiction but thats pursuanmt to my contract terms and the laws in my jurisdiction
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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