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Updated over 11 years ago,

Kirby Allen's profile image
Kirby Allen's profile image
Kirby Allen
  • from Muscle Shoals, Alabama
  • Member since Mar 18, 2013
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16
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3
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Kirby Allen's profile image
Kirby Allen's profile image
Kirby Allen
  • from Muscle Shoals, Alabama
  • Member since Mar 18, 2013
Connect
Kirby Allen
  • Muscle Shoals, AL
3
Votes |
16
Posts
General Landlording & Rental Properties

How do you insure your rentals? Cash value or loan value?

Kirby Allen
  • Muscle Shoals, AL
Posted
Closing on your first two rental properties today and having questions about the insurance. Our agent is quoting one house with a cash value of 55k and the second with a cash value of 45k. We have 41k in the deal. How do you suggest we cover it? With the actual cash value or just enough to cover the loan so we have lower premiums?
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