Hello BP community, Is Geico umbrella insurance of any use to investors? I have some rental properties and following the advice to purchase umbrella liability insurance. Our home insurances were done through Geico (as...
Hello, BP STR community!
I'm thrilled to share that I've taken a big step towards my dreams and just purchased my very first Airbnb property in the beautiful town of Blue Ridge, GA! As I prepare to welcome visitors ...
We have an accepted offer on our very first vacation rental! However the first homeowner insurance quote I received was more than my residential homes insurance and my home is worth 4 times as much. Does any one have ...
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 ...
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...
Hi All, I am currently renting out my condo for 30 days to 4 months using airbnb. I can't do shorter than 30 days because of local laws. Air bnb has insurance included but I still need a homeowner policy for piece ...
Before closing on an investment property, I undertake several crucial due diligence steps to ensure I make an informed decision. These steps include:
-Property Inspection: Engaging a qualified inspector to thoroughly...
My wife and I founded and grew a very successful tech company over the past 10 years and we just had our exit. We have done several property flips and have a few rentals that we’ve accumulated over the years. We reall...
Re: Homeowners Insurance on a Real Estate Investment Property from a Lender’s Perspective
I am a private money lender. Amongst other things I always instruct the insurance agent that the property will be vacant. I...
I purchased a triplex in Aurora Colorado. I have hazard insurance and an umbrella policy. Do I also need a landlord policy?