It’s not widespread knowledge, but vacant property has different insurance requirements than owner or renter-occupied property. Unfortunately, rental property owners and house flippers usually find this out for the first time after having claims rejected by their insurance company.
Category: Landlord Insurance, Homeowner's Insurance, Investment Property Insurance
Did you know if you’re renting your home out, it might not be covered by homeowner's insurance?
Category: Property Management, Investment Property Insurance
It’s not uncommon for someone who owns several rental properties to form a management company to oversee their properties. There are a few different benefits for tax purposes. However, a lot of them do not purchase insurance for those management companies.
Category: Investment Property Policy, Investment Property Insurance
Even for investors who have been managing properties for several years, keeping track of all the paperwork and details related to insurance can be a bit overwhelming.
Category: Renter's Insurance, Investment Property Insurance
Renter's insurance isn't always top-of-mind for everyone. Either they assume their landlord will take care of them if there's a loss, or they think the chance of a disaster happening to them is unlikely.