I recently purchased a new primary residence and plan to turn my current home into my first rental property. I’m not expecting to purchase any more investment properties in the near future. With this said, is an LLC n...
Hi, everyone,I am a newcomer to this website and a brief introduction of myself: I recently bought one condo in florida and every month I paid HOA fees to one designated property management company.According to the bu...
So my standard property insurance has 300k liability. For 55 more per year I can get up to 1m. Is this the way to go? At this point we have not done an LLC, and we are unable to get any sort of umbrella insuranc...
I had a meeting with my Estate Planner/Asset Protection Lawyer last week. The subject of our rental properties came up and he suggested that I should get a liability policy for each of the rentals we own. He said it w...
Hoping that someone here can help me select the best coverage for my primary residence. It is an attached condo. I just got off the phone with Geico/Liberty Mutual and they just seem to want to raise limits and r...
Hi All,I've found a flip in the Boston suburbs. First one. So many things to work through!I was curious how experienced flippers calculate the insurance they take out on their rehabs. The combo of vacant and builde...
We are in the process of purchasing a short term rental property in Florida, and we are gathering quotes from different insurance companies. We're looking for any information on a Company called Proper. Can anyone tel...
I am including a clause in my Independent Contractor Agreement that mandates my General Contractor to provide worker's comp to all of his employees and was just curious as to what the legal ramifications would be if o...
Hello, I'm planning on buying a house in New Hampshire or Vermont. If you own in the New England area, what other damage coverage do you cover for besides flood damage? What do you pay for your insurance annually?
Hi all,I'm closing on an investment property in 3 weeks and have run into an issue. The lender is requiring that I have an insurance policy with rent loss coverage. The property is going to be vacant initially as I ne...