Angana Batki
Moving an rental to an LLC pros cons and insurance
Hello, I am looking for some options. I am looking to move my property to an LLC. (1) what kind of insurance do I get. My current policy wont cover a LLC. It's currently under our name so it under our home owners poli...
Konrad L.
Insurer Cancelled Policy Before Close
Hello,I just received a call from Liberty Mutual saying that they are cancelling my homeowner's insurance policy. Apparently, someone from the company went to look at the house and determined that the roof has some g...
John Grissam
Can Short Sale Bank Pocket Insurance Check ?
I am currently waiting on a SSA from a bank. The home is sold as is and the inspection/appraisals are "n/a" on the dates and deadlines section. I know the bank has collected the insurance check for a roof and glass ...
Tyler Tacy
Anyone use Berkshire Hathaway Guard insurance?
Hey BP, I was wondering if anyone has had any experiences with Berkshire Hathaway Guard insurance. Among the quotes I got for my first rental they are the cheapest and leaning towards them. Was wondering if anyone on ...
Brian Phor
Limitations with a Personal Umbrella Policy (PUP)
Hi everyone!I currently own two properties. Both of them are insured with a landlord’s policy from either Allstate or Safeco. I’m interested in getting a personal umbrella policy (PUP) as well, but I’m not sure if I’l...
Troy Whitney
Arson insurance question - Philadelphia
So I just realized that one of my insurers (REI Guard) doesn't cover intentional damage to my properties in Philadelphia, Apparently - this means that they don't cover arson, at all. I'm blown away by this. Does an...
Marina Loos
Tenant burned down house
3 years ago I purchased a nice home to rent out. The house has no mortgage on it. In March my tenant burned down my house due to "careless disposal of a cigarette" per the fire report. The lease specifically states th...
Mary Jay
What is the best way to insure a teen driving a car?
One attorney told me the best way to insure a teen is to put a car into an LLC and have the teen drive it. Then if something happens they cant go after everything that the parent owns in his or her name.Is it the best...
Justin Glowa
Finding Insurance for SFR househack with 3 (+ Roomates)
I'm looking for help in finding information on what the best way to get an insurance policy to cover a House-hack with 3 roomates. Most policy holders have a "no more than 2 roomers/boarders" Clause in their policy. I...
Eric Sipe
Expenses for a Property
Hello all,I am in the process of preparing for my first purchase. While I am in the property analysis phase, I want to verify that I have all of my expenses accounted for. A little background that might be necessary: ...