Mary Faith Janson
Insurance question for AirBNB/VRBO
Hello, I have a good friend that just put his second STR onto the market. He called his insurance company, and now that there are two, they don't want to cover him. Any suggestions? How can he go about finding adeq...
David Tang
Renter's Insurnace when there are multiple tenants
What are people's thoughts around tenant's Renter's Insurance in Chicago? We recently signed a lease with tenants (2 people - Person A & B) where they have 1 renter's insurance. Person A has the renter's insurance...
Muinda Gueston
Owner and Renter insured simultaneously?
In Md the state requires renters to provide rental insurance. I'm looking to purchase a MF home in VA in Jan and wondering if it's customary to require renters to obtain insurance as well. Is it overkill or even legal...
Pete Broom
What sort of insurance should I get for my first rental condo?
I just got my first rental condo for $310K. For this, I am being quoted $250/year for umbrella insurance which covers $1M/$2M per occurrence/aggregate. From what I gather from this forum, getting an umbrella insurance...
Debbi Price
Simply, when does insurance *usually* cover the cost of damage?
I have no background in dealing with insurance companies and I feel like when I've spoken to agents I'm either getting conflicting information or I'm not explaining myself well enough.While I understand the policies a...
Todd Powell
Do you require tenants to carry renters insurance?
My insurance agent says I can require my tenants to have renter's insurance. I run a pretty tight ship as far paperwork and managing my properties, but this is one area I maybe failing in. I appreciate any thoughts here?
Erin Davis
Roommates -- do both get a renter's insurance policy?
Hello, I'm an infrequent landlord, and have never had roommates (med students) as tenants, so am unsure what this answer is. We are currently showing the place to them, and they would like to apply. SO: My lease ha...
Edward Adams
WHAT IS AN UMBRELLA POLICY?
I keep hearing if you buy property under your name put them under umbrella policy, what is an umbrella policy?
Gary Li
About Insured name on Rental Property Insurance Policy
I Just bought a Rental Property under my personal name, and I also bought the Rental Property Insurance, and found the policy shows the insured name is the Property Management Company name. I checked the Insurance age...
Albert L.
"Additional insured" on rentals - any concern?
It seems like my policies with Real Protect on rentals with 1 million liability, the policy is under the name of Real Protect and I'm an additional insured. For this reason, I'm having trouble finding additional umbre...