Values of houses generally don’t change $100,000 overnight unless there’s a catastrophic event like a fire or a tornado or a zestimate.

I know I've heard of investors doing this, but never really ran the numbers myself as I only have a handful of rentals and all but one are financed.Obviously, you would need to carry a blanket liability policy, and you run the risk of a catastrophic event wiping out several properties in close proximity.

It works just fine, is nothing catastrophic, and we are holding on to the place. 

It is not realistic to budget for catastrophic occurrences but you want to understand what moves you can make if extreme things do happen.

That protects me against local catastrophes like fire or lightning strike. 

We only submit claims for something catastrophic so we set our deductible at $5k.

Bad credit doesn't necessarily mean they cannot afford a mortgage, but if rates sky rocket in The next few years it can be catastrophic, as we know from the past.be careful and just know 3% doesn't apply to investment properties.

If you do that a recession will just be mildly uncomfortable and not catastrophic.

Because of the catastrophe, your attorney (if you have one) should communicate that the deal is on pause because of what happened.  

Overall, the insurance carriers need to make sure they are still bringing in enough money to be able to pay for these huge catastrophic claims that are happening more and more frequently.”