That does not mean that they show you papers from their insurance carrier.

Any good multi-line Broker should be able to locate a carrier that will take on your property, although some are pretty picky.

And if the postal carrier didnt put it message side up we are screwed...Unless your post card is the same on both sides..Mine is, Yes I took out the "reasons" for selling but kept everything else..Just food for thought..Michael Quarles

Greetings Members:Does anyone know of an insurance carrier that will cover vacant rehabs aside from Lloyd's of London?

Once I did some shopping around and found a broker and insurance carrier offering good rates, I've simply renewed each year with the carrier.This year, the broker notified us that one of the lenders (WFB), who has a fractional interest in one of the four units, is demanding that we double our liability coverage.Given that the lender is not paying the premium, and that they only half a partial stake in 1 of the 4 units in the building, what legal rights do they have to compel the HOA to seek out a higher premium and double liability coverage?

The total payments you received from insurance carriers, itemized for each specific crop, and the date you received each payment.

Well I could have gotten my own policy but then there is double the money and debt service involved which reduces margins.I was added as an additional insured because the insurance company employee said it would not cause any issues and then the insurance owner 4 weeks after closing gets all up in arms.The existing policy is much cheaper than the rates I found.The building is 30 years old and once it hits 30 other carriers told me unless it has new electrical,plumbing,roof,etc. they can't insurance it for the best rate anymore.Her in place policy was originally written 10 years ago when the building was only 20 years old.Kind of like an existing lender will do much more for you than a new lender where it has to meet their parameters.I asked about getting a policy for myself and adding her but the underlying mortgage would want her as primary so that wouldn't do anything.I am thinking I can make her part of the corp I have set up for that property with a non-controlling interest.The underlying lender could be told it was for estate planning and asset protection if any questions arose.The insurance company guy says that mortgage companies sometimes do periodic checks on title transfers to check for wrap deals but I think that is being a little paranoid.

Don't cancel the insurance-- inform your insurance carrier that it is no longer owner-occupied and take the hit on the rate but keep the same carrier-- again nobody at the bank is watching that closely.

The risk, and costs of liability and casualty insurance is one of the joys of property ownership.Two million is standard in commercial contracts that I deal with in Arizona.However, you as owner can ask the management company for Errors and Omissions coverage and employee dishonesty coverage if they are handling your funds, I would suggest you provide the proposed management agreement's insurance provisions to your insurance carrier for their review.

Recruit Mail Carriers to notify you of vacant properties 62.