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What type of policy do you all use for a rental property? Replacement cost or actual cash value? And why?
Also, how much do you pay monthly for insurance (I'm in Indiana)?
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Hi Florida BP'ers! I am a new investor who is very motivated to get my first buy and hold property. I'm getting frustrated because I can't find properties that meet my deal requirements. I have been using Brandon's in...
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I am looking at purchasing my second rental property in Hamilton OH and am looking for some advice. Its a current rental property, and the owner is selling it because he is moving across the country. Please let me k...
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Do yal pay a higher deductible for a better rate on insurance and what rates and deductibles are yal paying? I am trying to shop around and see what would be the best insurance quotes. Thanks for the help.
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I have 5 rental properties and 6 houses I've sold on contract. My insurance guy has talked me into carrying replacement value insurance. Most of my monthly ins. cost average to be around $45-$50/month for most prop...
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Hi All, Does anyone use Rent Guarantee Insurance? Right now I'm holding around 6 months of expenses, just in case the tenant doesn't pay or if any repairs are needed. Currently my reserves are around $15k for 2 condo...
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I have several properties, all SFRs in various cities, 4 in Atlanta, 1 in Vegas and 1 in Tampa that need landlord insurance and umbrella liability coverage.
I used Affinity Group for 5 of them, but they told...
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First post on BP.
I am shopping insurance companies and was looking for recommendations. I am in St Louis, MO and have 2 rental houses (closing on a 3rd soon) and they are all held in the name of an LLC. Lib...
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Hello everyone,
I'm very curious what strategies people are planning to use, if the housing markets tank again, like in 2009. I know many of you were investing during the last recession and were able to ride the wav...
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Purchased my first 2 Family home. One insurance agent advised me to insure up to the purchase price (216k). The other agent advised I insure up to 500k as the asset is already depreciated and, worse case scenario, you...