I understand that if the deed lists an LLC then the insurance needs to list that LLC. What if the deed lists the LLC and the insurance lists the owners by name and the LLC as additional insured? Is this sufficient p...
I have 4 rental properties and have 2 separate liability insurance policies. I would like to know1. Difference between umbrella and liability insurance.2. Do I have to buy liability or umbrella insurance for each prop...
Hi. I need help. What type of insurance would be best if I bought a home in a LLC, will be doing renovations, living there for 2 years, and then most likely rent it out? Any information would be greatly appreciated!
If I do a subject-to for deed at closing, and insurance and taxes are included in the mortgage payment, does the owner cancel the insurance policy? And would this not affect the monthly payment?
I doubt the bank will...
Hello Everyone,I'm purchasing an investment property in Memphis, TN and wanted to verify the information below is not problematic.Through research, I came across that Name Insured should equal name on deed, otherwise,...
During 2015, I set up a Texas Series LLC to hold my 8 single family home rental properties. My attorney filed deeds to transfer the properties out of my name - into the name of the individual series within my LLC. Rat...
Hi Everyone!First BP post :)My partner and I are forming a business focused on STR arbitrage (not cohosting). We were wondering what kind of insurance we should consider getting since we won't own these properties?W...
Good evening Bigger Pockets. I am in escrow on a property in Sacramento that is off market and due to close in about 2 weeks. Most of all my real estate has been buy and hold. This property in particular I am debat...
Hi everyone! I’m gearing up to close on my first duplex next week, which I will be house hacking! Living in one unit and renting out the other to tenants. I need to finalize my insurance before close, but I’m unclear ...
I am now requiring all tenants to get renters insurance. I requested proof of insurance from a tenant and they gave me a policy number (no copy of the policy or anything). Do others require a copy of the actual policy...