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Updated over 9 years ago on . Most recent reply

User Stats

90
Posts
30
Votes
Aaron Crow
  • Investor
  • Forney, TX
30
Votes |
90
Posts

Scheduled Dwelling Policy - Rental Properties

Aaron Crow
  • Investor
  • Forney, TX
Posted

I am a new investor, and have not yet purchased any rental properties.  Through the process of my due diligence I am getting information for what insurance costs and options are to flip and rent houses.  I reached out to my personal insurance broker, who directed me to a friend who specializes in commercial and investor insurance needs.   In speaking with her, she told me that they have a product called Scheduled Dwelling Policy that allows multiple (all) properties to be placed under the policy.  The benefits are that you have 1 policy for all of your rental properties, premiums are lower and there is better coverage because it is a commercial policy and covers more than traditional residential policy used by many investors.  

Sounds like a great option, I don't have pricing on it yet, but wanted to see if anyone is using this type of policy and if there is any feedback on them.  

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