I have a mix use property, 3 units. 2 residential and 1 office space. My broker tells me that I am paying more insurance because of the commercial unit, which is just a tax office closed from May-November. They pay re...
Starting March 20th, new FHA borrowers will be paying 30 bps less in mortgage insurance. The premium right now is at 0.85%. It will now go down to 0.55%This is huge for those that have higher loan amounts. Yes, MI is ...
I'm really interested to hear what the community thinks about Trumps 1st official act as President being a suspension of the new Mortgage Insurance Premium cut. If you haven't heard about this yet I'll link to an art...
Hello,Does anyone have experience of making a property insurance claim on one property personally owned, while owning other properties under personal and LLcs, my question is will the insurance premiums get effected ...
Hello BP Community, I took out a 30 Year Term, $100,000 policy with AAA Life Insurance. Right now I'm paying $36 a month. Presently I'm single, no kids and took out this policy at 31 years old and I've had it for a...
To those of us who have FHA loans, this could mean a decrease in your monthly mortgage payment.http://in.reuters.com/article/2015/01/07/usa-housing-fha-idINL1N0UM18T20150107The Federal Housing Administration will redu...
I'm looking to get an idea of other peoples insurance premiums in the Chicago area. My premium was about $2800 the past couple of years with State Farm but recently jumped to almost $3200. That seems a bit high and I'...
I own a SFH (3Br 1.5 Bath-Ranch) rental in the Twin Cities of Minnesota. My Fire/Dwelling policy covers the rebuild cost of $193K, $2K in personal Property, and $100K liability (seperate $1M umbrella) for a yearly pre...
Hi everyone, the hot tub in our primary residence froze and pipe burst, manufacturer came to check it and said it is beyond fixing. He also said my homeowner insurance will cover for it if I call them. I have 2 questi...
This site is the best and I'm in awe of all the kind investors willing to help. Im curious what to expect for property insurance premiums. I'm looking at single family homes to buy and hold in the Columbus, Ohio area....