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When buying an out of state rental property (our first one), would you recommend connecting with a local insurance agent or adding the rental property to your current insurance? We have State Farm covering our primary...
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The city I am rehabbing in requires me to have liability insurance and bonding. I am having trouble finding a company that will give house flippers insurance. Does anyone have any suggestions? Thanks.
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If you have standard landlord insurance on your individual properties, and want to put on an umbrella insurance policy, is it better to use a different provider to "diversify" coverage? Potentially if your initial pol...
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Hi everyone! I bought a house hack last year and my husband and I are buying another househack this year and wondering what the best insurance setup would be. We have Safeco primary residence insurance right now but w...
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Hi BiggerPockets community,I’m in the search of a new insurance policy for an Airbnb house hack.About the property:Located in Jacksonville FL Historic District-3/2 home that my girlfriend and I live as our primary res...
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What tips do you have for keeping insurance premiums low without comprising too much on coverage? Do you insure for Actual Cash Value (ACV) vs Replacement Cost Value (RCV)? Is it typical to require 6 months of vacan...
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Hi all. I've been purchasing properties to hold and rent for almost two years now and am not quite sure how to handle the property insurances coming due. When I purchased these properties, I paid for the homeowners ...
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Saw somebody said this "FEMA will loan the money for you to rebuild your home but you need to pay back this money to FEMA".
My question are:
1. If my property will be damaged from Irma, which part can I claim from ho...
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Hello everyone,I'm currently on my second deal and having a little trouble with home insurance. I'm currently under contract on a single family home with a detached guesthouse. My plan was to live in the guest house...
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Several real estate properties in KCMO owned under LLC, most are rented already, we typically buy a vacant house, spend 6 or so months to rehab it from top to bottom, then rent it out. Now we have a problem of getting...