Hi!I turned a blighted property into my first rental property. I formed a LLC. What type of insurance coverage do I need for the new LLC and for the property ?Right now I have a cheap vacant dwelling policy but wil...
I got quotes from my insurance company, USAA, for two duplexes. Each policy comes with 1MM per duplex. Total cost for each duplex is around $60 a month. Is this too much insurance per duplex or does this sound abou...
I'm looking to take on clients to manage their STRs. Would love to hear suggestions for providers that work well with STR managers, and if you think General Liability Insurance is enough to protect against lawsuits in...
Hello,I recently changed my home insurance, it was getting very expensive this year and I chose $100,000 in liability insurance for my triplex when electing. Should I get Umbrella insurance on top of it? How much doe...
We are selling a property via owner finance, but wrapping our current mortgage. The confusion is how to handle the insurance. I am getting different answers as to if we both need to carry coverage with us making the f...
Our Business has been growing rapidly as we've employed our capital in the acquisition department. We've decided to scale back on acquisitions and have started scouting out talent to add to our team to be better prepa...
Hey BP Community,Question for the commercial multifamily investors out there. What type of insurance coverage are you using to protect your asset? What should I be looking for in a good insurance policy for a small co...
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I have this coverage and have never used it. I feel it might be something I will need to tape into due to a recent issue with terminating a tenant.
Can someone tell me if they have used this and in what case sto...
Hi, I have a rental property that is two units. Our tenant lives in one of the units and will Air BnB the other unit and we will split the revenue. Is there anything I need to consider from an Insurance perspective? T...
Recently bought second long term hold property. Used bank loan, put money down and financed the rest. When it came to insurance it was very difficult. We finally got insurance but it was with the stipulation that w...