I want to make sure new investors don’t get caught in a scam, so I’m curious—what red flags do you look for when vetting a PML?

If your opt-out percentage is too high then it may look suspicious to the carriers; ultimately, affecting your delivery rates.The goal is to keep you opt-out percentage low while maintaining compliance. 

It’s crucial to work with an experienced broker who can access multiple carriers.

Brian,Because VT is a traditional rental market (ski houses), depending on the minimum duration you will be allowing for rentals (ie. monthly, Weekly, etc.) there are some regular carriers in the New England Market that will write it. 

@Maria M. there are some other insurance carriers we have used for Liability only in FL. 

I’m just wondering if anyone knows of a carrier that doesn’t limit the number of properties they will insure.I’m covered for a few more days because my agent didn’t even know of this policy when they wrote me a binder for unit six.

Once a claim is entered and filed to the carrier and an adjuster is assigned is when it's reported if a claim if paid out or not.

Mostly they do not.If you changed carriers, I would expect a new inspection. 

Quote from @Kurtis Carriere: Im looking at relocating myself and my funds to the DFW area after completion of this property and will have aprox 500k USD but looking to only use 300 of it to as investable capital.i feel like that should be a good amount so that way i would have funding issues due to lack of american credit history.

We were sending 3,000 SMS a day with them until mid-December when our 10DLC campaigns with the carriers were shut down.