Liability only insurance

[Liz C.]

Hi landloards , Where do you buy your landloard Insurance and any of you know Liability only insurance company ? Thanks !

[Rumen Mladenov]

@Liz C. for Geico I call the 1-800 number. For State Farm I have a local agent, they drive by and take pictures of the property before starting a policy. 

Some of my policies have $2500 deductible because that is the max the lender would allow. For others I have $5000 or 5%. Even if I had a lower deductible, I would never file a claim for less than $10,000 because the increase in premiums when I lose the claims free discount on all properties would more than offset any money I get from the claim.