Dave Holland
Insurance requirement from bank
I'm getting conventional financing on a 4 unit property with a purchase price of $130k. The appraisal came back with a rebuild cost of $428k and my bank says my insurance must be for at least 80% of this cost.
I was...
Derrick Brusseau
Kin Insurance Includes Liability for Tenants?
Hello all,On my primary residence I have a home owners policy through Kin Insurance. I work remotely so was considering leaving for certain holidays or even a few months at a time and trying my luck to see what sort o...
Jennifer Minge
storm, tree falls on car, who pays?
Big storm came through here the other night. A tree fell and landed on hood of tenant's car and knocked out the windshield. Some other dings on 2 other cars also. Tree was not a dead tree, it was a healthy tree that g...
Michael Prakash
Landlord insurance quotes in Pennysylvania
I have got insurance quotes on several single family rentals and the insurance company is putting 3 times the market value for insurance rates on the cost to rebuild/ replacement value, how do I shop for reasonable in...
Joshua Bailey
LLC or Umbrella Policy?
LLC or Umbrella for buying 1st fourplex? Is it worth it to form an LLC or is umbrella enough for my 1st purchase. If I should start out with an LLC I would like to do so before I apply for the mortgage. Are commercia...
Angela Pipitone
1st Investment Property in Contract - Advice with Insurance
Hey all,I have my 1st property under contract, it will be a rental (it is currently vacant). I'm trying to make a decision between a landlord policy or an umbrella policy and I'm leaning towards landlord policy. My in...
Vilena G.
Airbnb amenities idea
Hello BP family,I’m getting my house ready for Airbnb and was thinking to do a big loft net, there is a perfect space for that on my second floor loft room. It will be all the way covering open space, so it will be im...
Philip L.
Insurance for SFH in Michigan
Who is everyone using for insurance on single family homes? What are you paying? the quote I got today was $1200 for a SFH valued at $120K seems high, let me know your thoughts.
Rachel Payton
Florida STR insurance req if airbnb and vrbo provide it already??
We're set to close on our STR in Florida in a couple days. Getting insurance on it was a nightmare. Several quotes, all over the map on price. I basically got a policy last minute that is VERY expensive (it's Florid...
Account Closed
Does insurance pay for legal help?
My condo was flooded by the upstairs condo on January 8th. Thank you polar vortex. The condo association insurance eventually took over, long story, and it took 3.5 months to repair everything. I gave the tenant...