![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1680890/small_1694625926-avatar-miken154.jpg?twic=v1/output=image&v=2)
19 October 2024 | 7 replies
Early on, I spoke with our insurance company and our policy did not cover the tenant’s moving expenses or temporary housing.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2440097/small_1703228092-avatar-dbc4913.jpg?twic=v1/output=image&v=2)
20 October 2024 | 7 replies
But as a matter of policy, I just tell everyone that actually applied (that I didn't pick) that I rented the apartment to "another qualified candidate".
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2100976/small_1715724573-avatar-cmooreproco21.jpg?twic=v1/output=image&v=2)
17 October 2024 | 1 reply
This carrier essentially underwrites a package deal tailored to your business, bundling all your policies under a single umbrella, which could include General liability, Umbrella protection, and (obviously) property.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/657845/small_1621494853-avatar-jamesp170.jpg?twic=v1/output=image&v=2)
17 October 2024 | 2 replies
Pick their brain.Lastly, I'd make sure their insurance policy names you as an additional insured.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/194856/small_1621432386-avatar-amd300.jpg?twic=v1/output=image&v=2)
20 October 2024 | 13 replies
Adding a liability policy can provide up to $1M in coverage.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/540019/small_1621492113-avatar-fionah.jpg?twic=v1/output=image&v=2)
20 October 2024 | 19 replies
You will need special Lessor policy.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/184593/small_1683201988-avatar-john05261.jpg?twic=v1/output=image&v=2)
17 October 2024 | 14 replies
The actuaries realize they have too many policies in one area and the insurance companies want to reduce risk and spread risk.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/38657/small_1706196176-avatar-josephvscorese.jpg?twic=v1/output=image&v=2)
19 October 2024 | 0 replies
Subscribe to Real Estate Newsletters: Follow trends, insights, and policy changes that could affect your deals.By utilizing these strategies, you can adapt to various market conditions and close real estate deals efficiently in any economy.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3111237/small_1725159549-avatar-aril25.jpg?twic=v1/output=image&v=2)
16 October 2024 | 13 replies
Using the Whole Life Policy (or Indexed Universal Life) is very powerful.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2779300/small_1718826790-avatar-lancet51.jpg?twic=v1/output=image&v=2)
23 October 2024 | 28 replies
That 6 ft privacy fence is a good start, but you could also include separate entrances, designated parking spaces, and clear instructions about shared spaces (if any).Noise Policies: Include quiet hours in the STR house rules (e.g., after 10 PM).