Hello all, I am reviewing my insurance policy and I am curious what I should be looking for to ensure that it is the proper coverage for a rental property. I have a duplex which I live in one unit and rent the other....
Currently, we have a commercial policy with State Farm but when our lawyer reviewed it, she recommended we increase our medical liability coverage. Both Air Cover & VRBO provide medical liability up to $1M (and we...
Hi all,
I bought a townhouse/condo in Salt Lake City, Utah and I am planning on doing long-term rental with it. I want to get insurance for it but there are a lot of things I don't know since it is my first property...
So I'm shopping for life insurance and it's completely new to me so I'm kind of nervous about who to go with. The difference in the price quotes is why i'm confused. I'm looking for $250k for 30 years. So, for exampl...
Posting this question here since many STR investors are also LTR. The insurance needs/costs are probably greater with a STR (liability, contents, etc) compared to a LTR. What changes would you make for a LTR single fa...
Installment # 8 Insurance Issues for The Real Estate Investor.LIABILITY - ContinuedThe type of policy ("commercial" or "personal") can affect whether a liability exposure is covered.As an example, the “generic” pollut...
I have 15 rental units and a primary residence in Frederick & Washington Counties, Maryland. Because they were acquired outright and my cash position has been continually strong since the time of the acquisitions ...
Hello BP World, I currently have 6 rental properties that are all in my personal name. Over the years I have had 3 different claims at separate properties some that I no longer own. My problem is insurance companies a...
I just found out from my mortgage folks that I have the option to not escrow taxes and insurance on my upcoming investment property purchase. I’ve never been given this option before and always assumed you had to esc...
My husband and I own a home that is our residence. We owe less than 30k on our mortgage, we've owned it for 15 years, it is in both our names and has value. 10 years ago his mother deeded her house to only him, indivi...