Tom Benette
Insurance for rental property
We own an LLC which in turn owns a rental property (single condo). We use outside managers to manage the property.Right now I am using an All State personal policy on the rental property with the LLC as additional in...
John Volpe
Insurance - Property management company
I'm currently interviewing property management companies for a 16 unit apartment building that I'm purchasing. What types of insurance/limits should I be looking for them to have?
Gurjot Grewal
Handyman refusing a job because I asked to be added as additionally insured.
-small job $1300. Gutters, downspout repair, siding etc
-good reviews on angis list, has his company registered as a LLC, referred to me by a local contact
-can provide proof of insurance but will not add me to it ...
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...
Kyle Nacci
Is it worth it to file a loss of rental income claim?
My wife and I own a multifamily and submitted a claim to our insurance company (Vermont Mutual) for a roof leak in May of last year. We've experienced frustrating delays throughout this entire process, and while we've...
Joe Kato
PM sueing a tenant for missed rent and court fees after eviction
I'm a landlord and property manager. Have pretty good luck with my tenants, but one property we manage have a tenant that let lease lapse, didn't communicate, so we had to evict. Got judgement last week for final ev...
Lena S.
Who pays for tenants accomodation in case of emergency?
Two weeks ago, we've got a call from one of our tenants about gas leaking outside our property. We immediately called the service, they came and fixed the problem, and since there was not signs of gas leaking insid...
Arjun K.
Property Manager Wants to be Additional Insured or Co-Insured
This topic has come up in past forums and on Google searches, but there seems to not be a definitive answer.
Basically, a PM wants to be listed as "additional insured" on a property. I assume this is so he can look ...
Dahl Salmon
A way around higher property taxes in Indianapolis?
Just found out property taxes are twice as much for investment properties than then are for owner occupied in Indianapolis. If I were to move to Indianapolis and buy a home as a primary residence, live in it for at le...
Tony Wilcox
Landlord Insurance and preparing for winter
Hello! My name is Tony Wilcox, and I am an insurance broker located in Indianapolis (licensed in all 50 states). Today I wanted to share a few pointers for things to look out for on future, and past investment propert...