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insurance
6 posts by 6 users
Kyle G.Real Estate Investorliberty township, OH 
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alright i am getting ready to close on my first deal and i am looking for insurance. in an effort to to over insure or get screwed by they agent seeing that i am new at this... what kind of coverage is the best to get ? |
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Frank A.Loveland, CO 
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Well, it's insurance, so by definition you're going to get SCREWED. A basic Fire and EC (extended coverage) on the building is what you need. It'll be less than a homeowner's policy as it doesn't cover unattached personal property, but probably only about 1/2. Depending on your net worth you should also have $1MM-$3MM in an Umbrella (Liability) policy, probably $200-$300/year Congratulations on the first step. all cash |
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George S.
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Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium. An insurer is a company selling the insurance. The insurance rate is a factor used to determine the amount, called the premium, to be charged for a certain amount of insurance coverage. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice. |
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Anthony S.
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Yeah! I am with you and wishing you for great time!
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Landlord I.
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Yeah - good luck with your searches |
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brynaRenternorth palm beach, Florida 
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I will be interested to see on what you decide. |
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Posted: 04/15/2007 at 05:35AM