Daniel Murphy
Are you PM's having yourselves named as "additional insured" on policies?
General question... When you manage a property for someone, do you require to be named as an "additional insured" on your clients property insurance or umbrella policies? Why, or why not?
Naveen Desai
Insurance claim and received funds and not spent. is it taxed?
Hi, In 2017, I had to make an insurance claim for roof damage and received funds. I am still exploring contractors to help me with roof fixes. So effectively, I did not spend the amount received from Insurance. W...
Marina Loos
Umbrella Insurance - 1 more claim - Can't get one with the other.
Earlier this year I tried to purchase umbrella insurance. I was told by State Farm and Progressive that since I had 2 previous claims (both in 2021) I would have to wait until 2023 to get approved. So now that 2023 is...
Jeremiah H.
When filing an insurance claim do you use a private adjuster?
I didn't know this job existed until this week when someone told me that was there job. Low and behold I have a water leak in a rental today and need an insurance claim. The whole idea of using an independent adjuster...
James Bartlett
Title in my name, but owner still pays insurance and taxes?
Currently working on a selling financing deal. Primarily, I manage STR’s for other owners. One of the buildings I manage, the owner and I are figuring out terms. I want insurance, taxes, and utilities to stay in the ...
Ivan Oberon
Installment # 7 Insurance Issues for The Real Estate Investor - LIABILITY Continued
LIABILITY - Continued Always carry as much liability protection as you can afford. As a minimum, you should carry $1,000,000 per occurrence. The larger your portfolio, the more liability protection you should have. Su...
Ann Mclean
A First time Landlord needs help with insurance, screening and leases.
First time as a landlord and I have found a tenant for LTR. I need a good insurance agent to write a landlord policy, I also need a lease and tenant screening, what else do I need, and can you please recommend softwa...
Tim Bee
Earth quake insurance - for those of you who invest in CA
How much damage in a moderate 6.0 earthquake would be done to a small single story home? Is it worth it to get earthquake insurance? Thoughts??
Andrew Martin
FHA has not accepted my loan for FHA insurance post closing
Hi Everyone,I recently purchased a home with an FHA mortgage, after closing I received a letter from my lender that the FHA has not accepted my loan for FHA insurance and now my loan is no longer an FHA loan. How is t...
Mehran K.
Insurance Advice: $1MIL Liability Coverage - Do I need an Umbrella Policy?
Hi all, need a little advice on Umbrella Coverage.
Right now I'm buying&holding residential properties(1-4) that are under $100k appraised value. I don't plan on using an LLC yet so I can make financing into conf...