Mike A.
Loss of rent / income insurance - response from insurance company
I messaged my agent and asked if tenants are unable to pay and evictions are stayed, can I request loss of rent assistance from the insurance policy. Here was her response:"In any shutdown due to a scare or pandemic o...
Sukhwant Kaur
Impact of Tenant Rental Insurance Claim on owner's insurance
Hi, I am in a contract to buy a 4 family. I was searching for insurance and quote was higher so my insurance agent sent me the details on why this is the case. Looks like 1 of the renter has filed for 3 claims in the ...
Ryan Bird
LLC name on deed - first insured vs name insured
I had quit claimed my home so deed is in the name of llc. I need to stay here for one more month before tenants move in after which llc dwelling policy kick starts.In the mean time my insurance agent said they will ad...
Bienes Raices
Personal name as primary insured, LLC as additional insured
I have it set up this way on my policy for the LLC property right now because they insurance agent said they could not do it with the LLC as the primary insured. They told me that if a claim is every paid out the chec...
Marvin Santiago
Home insurance on insurance when living in guest house?
Hello everyone,I'm currently on my second deal and having a little trouble with home insurance. I'm currently under contract on a single family home with a detached guesthouse. My plan was to live in the guest house...
John Miranda
Flipping Insurance! What insurance company/type do you use?
What insurance company are you using? And what type of policy? I good friend of mine would always replace a certain 4 letter word with "flipping" so I think flipping insurance has 2 meanings. After spending 40min. tal...
Jake Recz
HELOC & flood insurance? Balance is zero, insurance payout?
So I'm getting a HELOC through TD BANK. If the HELOC is for $100k, I keep the balance at $0, and the property floods, would the bank still be the one getting the check? technically I don't owe them any money at that p...
Kenton C.
Property Management listed as additional insured on insurance policy?
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...
Zander Kempf
Umbrella Insurance- Do You Use A Different Insurance Provider?
If you have standard landlord insurance on your individual properties, and want to put on an umbrella insurance policy, is it better to use a different provider to "diversify" coverage? Potentially if your initial pol...
Don Frost
Which GC insurance policies should I be additional insured?
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...