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Hey amazing BP members!We have a quick question regarding insurance for properties that we are in the process of rehabbing. The quotes we are currently getting are quarterly but generally more than the amount for ins...
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Quick question . . . . for rentals, would you select a policy that is based on the replacement cost or the actual cash value? Obviously the replacement cost on an older structure is 2X or better what the property mig...
I need to get an umbrella insurance policy. Are there any companies that will give me an umbrella policy when my other policies are not with them?
I called USAA and they told me that they can only give me an umbrella...
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I am closing on a new rental property, it will be under an entity name and its our first one. I was told that sine it will be under an entity name, I should have a liability policy, is it something that is important...
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Hello BP
I recently purchased my 3rd rental property and this one was a shell which is getting a total rehab. I had to pay cash for the property because of my debt to income ratio. So me question is do I need...
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Hi BP Fam!
I just purchased my first out of state, BRRRR property. The rehab will start effectively 30 days from now and will take approx a month and a half to complete. I'm struggling to find an insurance company ...
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I live in New York, and have family in PA, NJ, and FL.I have a family of about 25 members who would like to pool their savings into one account, and each member would like to have the option of putting their savings i...
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Hi BP,How do you property managers handle renter's insurance? Do you manage the policy and charge the tenant? Do you just put in a clause for it and hope for the best after the first verification? What are my optio...
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Hey everyone, I am looking to buy a single family or duplex in Columbus, OH some time soon. I wanted to get a better idea of the type of insurance that would be ideal for a landlord. What types of coverage would be im...
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I want to start flipping houses but I’m curious about what I should in for insurance. Since I’ll only be owning these properties for a short time should I even get insurance? And if so what type and what does it go fo...