Joseph Spinelli
Help choosing insurance for first time home buyer who's house hacking
Hey all!First post here and excited to learn!First wanted to give my scenario:I just got my first home under contract and getting ready to close in a few weeks, in Round Rock, TX. I'll be living in the property as my ...
Matt Wells
Should I get renovation or vacancy insurance for a house flip?
Should I get renovation or vacancy insurance for a house flip? I am not 100% sure I will flip it, I may end up renting it. Which is usually cheaper and what is necessary? Thanks!
Eunice Gonzalez
Closing on 2nd property Can I insure it as a rental?
Hi BP! Closing on my 2nd property and plan is to eventually rent it out. My question is should I insure it as a secondary property or rental property? My loan is a secondary home/vacation home not rental property. Wil...
Oscar Morales
What insurance company is best for a long term rental property?
I currently have Allstate Insurance for my rental property but i was told that i should change insurance companies because they do not cover non-owner-occupied properties. What Insurance company is best and what do ya...
Caryn Seifert
How much liability insurance do you require your tenants to have?
Currently, I required them to have $100,000 in liability insurance. Would love to know what limits other LL are requiring. Property is located in Broward County, FL.
Rob C.
Is it really that important to hire contractors that are insured?
From what I've read in the forums it seems that conventional wisdom here is it's best to hire only contractors & handymen that are insured. I adopted this perspective when I started as a landlord as I tend to trus...
Vanessa Leal
Renters Insurance - Enforcing and If Covers Tenant Damage to Your Home
Hi All,I was wondering how a landlord can enforce the requirement that a tenant purchase and maintain renters insurance with a certain limit of liability throughout their tenancy. What if they move in and don't get it...
Diana D.
Need Advice: HOA & Insurance Challenges with My First Investment Property
Hi BP community,
First, I want to express my deep gratitude for the time and effort that you dedicate here to helping others get into real estate investing. Thank you for sharing your knowledge and helping make infor...
Julie Verardi
What is best way to determine how much to insure for?
I have two properties in Jersey City. One is a condo. I'm going to confirm how much of the dwelling is covered by the association but what is a good rule of thumb on telling how much it would cost to redo the fixtures...
Terry Hollinsworth
Contractor wants to take most of insurance money to replace roof
Contractor agreed to replace my roof if insurance would pay for damages. He came to my door offering his service. To my surprise the insurance company agreed to pay $21,000 for damages. Our contractor quoted us $20,00...