Christine Callaghan
Finding insurance for a Trust or LLC
Hi everyone,I'm working toward setting up my Nashville and Florida properties in either a Trust or LLC's or maybe a blend of both. However, I'm finding it challenging with my current insurance companies to find adequa...
Joe Koppel
Is there such a thing as Blanket Insurance?
I don't know much about insurance so I need to ask...I have aquired 4 SFR rental properties and am shooting for 6-7 I have a separate insurance policy on each one. Is there such a thing as blanket insurance to have on...
Eugene Gutierrez
Umbrella Insurance vs. Individual Insurance Per Building
What is the action that triggers changing from insuring each property one-by-one to creating an umbrella policy to cover the portfolio?I own a number of buildings in Maine and currently each building is individually i...
Vickie Bruce
Do I need Insurance on house that I am renting out
My mother passed away and we are renting her house out. I just became aware that she had no insurance coverage. Do I need to get insurance if renting it out? Why is the insurance so expensive?
Jeff Berlin
co-insurance question
Hi BP,I need help translating and understanding co-insurance. I am about to close on a multi-family property out-of state and need to bind insurance coverage immediately. After going through the process of finding a...
Mark Andrews
Should your LLC be the Primary Insured or Additional Insured?
I have heard from numerous insurance agents that the way they would write policies for an LLC would be:-Primary Insured: Mortgage Holder (Individual's Name)-Additional Insured: LLC But if the LLC's name comes up on th...
Jennifer Robinette
Need help with Builder Risk Policy under LLC
Hi, I am in Northern Virginia and doing a tear down and new construction project. I need to purchase a Builder Risk Policy under a LLC but all the agents I have talked to can only insure under my own name and add the ...
Chris Troutman
Should Each Tenant Carry Renter's Insurance in Multi-Tenant Lease of SFH?
I entered into a one year lease with 4 tenants (jointly & severally, and collectively referred to as "Tenant"). The Lease requires Tenant to carry a renter’s insurance policy covering Tenant’s household goods, per...
Ken Midgett
Renters Insurance - Require per unit or for each tenant?
I am now requiring tenants to carry renters insurance, and I have only had units occupied by one tenant each. However, I recently approved two unrelated people to live together and they asked if each of them needs to ...
Will Zena
Requiring Renters Insurance
Hi,
Does anyone here require their tenants to have renters insurance? From Ads I have heard it can be very low for a renter to have.
Perhaps instead of requiring it give a little education to the tenant about the b...