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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...
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hi all, is anyone be able to explain the difference between rehab policy and vacancy insurance policy for flip?
Appreciate it.
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Need some advice when it comes to insuring a rental property... I have a rental that would probably sell for around 200,000 if I sold it right now but my plan is to keep it and rent it out. Would it be a bad idea to...
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Hi everyone,I have read a few Property Management agreements and they all seem to say that the PM company must be listed as an additional insured on the insurance policy (DP Policy). Do those who use property manageme...
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If I hire a GC to renovate a house I want to flip, do I only need property and general liability insurance? Which general contractor insurance policies should I be named as an additional insured? If I don’t use a GC a...
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I recently closed on a 3-unit rental property. During the due diligence and loan application period, I had an insurance policy set up. This was a "Rental Dwelling Policy" for a 3-unit rental property. Escrow has be...
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Hi All!I'm about to close on my first property, a 4plex in Pittsburgh, Pa. Due to better mortgage rates I chose a conventional residential mortgage over commercial. Since the property will be in my name, not my LLC, s...
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Hello All,Regarding obtaining an “Umbrella” liability insurance policy, is it possible to cover properties from various states or will separate policies need to be issued? Thank you for your feedbackSteve
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I am getting quotes for a 4-unit apartment building. I know the DP (dwelling protection) insurance policies are standard landlord insurance but my agent tells me I can also get a Businessowner policy to cover the prop...
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In contract on a 4-plex right now in Ohio that was built around 1930. For background, there is some termite damage on it,that should be taken care of prior to close, as well as some other minor fixes to the roof, bas...