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Updated almost 8 years ago on . Most recent reply

Ganesh Rao's profile image
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Ganesh Rao
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  • from Bellaire, Texas
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Ganesh Rao
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  • from Bellaire, Texas
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Ganesh Rao
  • Investor
  • Bellaire, TX
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Insurance

How little is too little ?

Ganesh Rao
  • Investor
  • Bellaire, TX
Posted
For a rental condo 2bd 1 ba, how much insurance coverage is too much? What's the minimum amount?
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Dave Van Horn
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  • Wayne, PA
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Dave Van Horn
#5 Real Estate Events & Meetups Contributor
  • Fund Manager
  • Wayne, PA
Replied

The property has to be insured for at least what you have in a mortgage, and it's usually insured higher than that. Your Insurance agent should be able to tell you what's acceptable.

  • Dave Van Horn
  • Podcast Guest on Show #273
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