Are insurance agents plugging in tax assessors data to determine dwelling coverage. My rental is recorded as 3/2 built in 1923 but it's 2/2 and remodeled ~10 years ago.It's basically identical to this house, same cons...
Which insurance companies do you recommend for short-term rentals?
Many times I have to address the difference between Replacement Cost and Market Value to my clients. Unfortunately, there is a disconnect between Mortgage Underwriters and the actual distinction between the two. The m...
I'm a landlord newbie and am going to encourage my tenants to get rental insurance. Does anybody have any doc or part of their lease they wouldn't mind sharing that covers this? I don't particularly want to pay a lawy...
This decision out of NY illustrates one of the types of baseless claims made under a title insurance policy. I'm surprised the Court didn't sanction Plaintiff's counsel for filing a spurious suit. I wouldn't be surp...
We are purchasing our first duplex and I received quotes from a couple sources for insurance. The house is approx 2100 sq ft, and purchase price is $56k. The comps in the neighborhood are similar.This is what I rece...
We own 23 single-family homes in the area. All of the homes are located in working-class neighborhoods and we are fortunate to always have them filled at 100% occupancy. We have owned most of the homes since 2009 / ...
Hi All,I'm newer to the community, and excited to connect with some folks in BP! I have been an RE investor in Oregon for around five years, currently holding three units as rentals (duplex and single family).My ques...
Has anyone ever used “Allrisks” homeowners insurance out of Richmond Virginia? They are an excess lines carrier and my insurance broker seemed to be cautious with insuring with them. They aren’t a regulated insurer in...
Hello BP Team, Mortgage Underwriters/Lenders,
Thank you for information exchange in BP forum.
> Context:
Property: Low Cost Investment property (Condo with HOA) in contract.
Location: Atlanta, GA metro
>...