Todd Nguyen
Need some URGENT guidance on property insurance provider/broker in SoCal
Hello RE investors,I owned several duplex/triplex rental properties in San Diego, and Nationwide is our commercial insurance provider. Last year, i had to file two water damage claims for two units. Because of that, N...
Sarah Selle
Medium-Term Rental Insurance - Keep Prosper or Switch to Another Company
I own a medium term (30+day) rental in Pennsylvania. A few months ago, I switched my insurance to Proper, as it seemed to offer the best coverage. After signing up, they then reached out about requiring an electrical ...
Kirby Allen
How do you insure your rentals? Cash value or loan value?
Closing on your first two rental properties today and having questions about the insurance. Our agent is quoting one house with a cash value of 55k and the second with a cash value of 45k. We have 41k in the deal. H...
Brian Lenzer
Home Insurance and Property Taxes count as part of the Mortgage?
Is home insurance and property taxes considered part of the mortgage? I am wondering because I am trying to calculate NOI and hence cap rates, so I want to make sure I am using the proper standards. Thanks in advance!
Lingo Lin
How to create a “Family Bank” without using Whole Life Insurance?
I live in New York, and have family in PA, NJ, and FL.I have a family of about 25 members who would like to pool their savings into one account, and each member would like to have the option of putting their savings i...
Asia Zdziarska
Do I need homeowners or landlord insurance on a Condo rental?
Hi there, please can anyone tell me if I need to have homeowners or landlord insurance on a condo property that I own?The HOA has it's own insurance already. Is there any reason I should be spending money on this? I u...
William Coet
Reverse Mortgage - Offering Owner Lifetime Use of Home- Who pays insurance?
Hello,We would like to offer a homeowner a reverse mortgage and lifetime use of the home. There is a good possibility there is no insurance on the house because it is owned outright and the owner may not care.If we a...
Nick Brubaker
Lender requiring insurance be switched to my name instead of LLC
Hello all,
I have a rental property bought with cash (no original financing) and owned under an LLC. I later refinanced it. My insurance policy has recently been discontinued and replaced with a similar policy (reall...
Aidan Hadley
Will insurance company accept up to code knob and tube wiring?
Question is if insurance companies will accept a duplex that has knob and tube wiring but has been approved by certified electrician that it is up to code
Paul Winka
When does Errors & Omissions insurance come into play at settlement?
Just as title says. I have always heard of this insurance but haven't known anyone that has been paid out by it. Reason I ask is some water bills were double paid (by me out of closing and by title company) and the wa...