Convenient Insurance?
Friday, May 20
Convenient insurance almost sounds like an oxymoron and most of the time it is. The way traditional insurance works is generally very inconvenient, especially when it comes to real estate investing. You have enough things to worry about that seem to take precedence over insurance. You’re focus...
RENTAL PROPERTIES INSURED WITH PERSONAL HOMEOWNERS POLICY
Monday, May 16
Many real estate investors, especially new ones, think that it’s perfectly fine to purchase a rental property in their personal name and combine it with their personal home insurance. While it may be cheaper and initially easier this idea is full of problems. First, it’s never a good idea to pu...
Replacement Cost vs Actual Cash Value
Friday, May 13
As a real estate investor you should become familiar with these two terms, replacement cost and actual cash value. This is very important for you to understand when looking at insurance. Insurance companies value property several different ways but these are the most abundant in the investing w...
Liability Insurance Needs for Rental Properties
Thursday, May 12
As real estate investors one of the most important things in your business should be asset protection. If you haven’t already done so you need to take time to exam your investments and obtain the best possible protection for them. Asset protection starts first and foremost with your attorney pr...
Property Insurance Basics
Thursday, May 12
There are so many types of insurance out there but I want to look more closely at the one we all know of the most. Dwelling or property insurance is very simple in principle. If you encounter damage to your property from fire, water, wind, etc. your property insurance will pay to repair or repl...
Insurance: The Necessary Evil. Or Is It?
Thursday, March 24
As consumers, let alone real estate investors, we tend to flinch whenever the insurance bill arrives. Many times, for good reason: rates are higher, coverages seem to diminish, and for what? We have never even filed a claim! However, if we stop thinking of our insurance policies as just anot...