Posts Tagged 'landlord’s insurance'

5 Ways To Obtain More Affordable Landlord Insurance

Posted on: July 1, 2011

Categories: Property Management, Things To Consider

Author: lbuen

5 Ways To Obtain More Affordable Landlord Insurance

Landlord Insurance – An Expense Worth It

Every shrewd landlord knows that a landlord insurance is vital to his rental property business. Although it is not a legal requirement, it can save you from several heartaches. It may be an expense on the one hand, but on the other hand, it provides peace of mind and security against any unforeseen damage to your investment property. The trick here is to know how to obtain a substantial coverage at a more affordable rate. This way, you can protect your property investment while protecting your profitability. If you are on the verge of buying a new coverage or renew an old one, consider these three tips to help you get a more affordable policy.

How To Get A More Affordable Landlord Insurance

1. As with purchasing any other big-ticket commodity, you… Read the rest

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8 Things Every Real Estate Investor Must Know About Landlord Insurance

Posted on: May 28, 2011

Categories: Property Management, Things To Consider

Author: lbuen

8 Things Every Real Estate Investor Must Know About Landlord Insurance

Like any other insurance, a landlord insurance is a real estate investor’s way of managing risks against uncertain losses. Can you soundly sleep at night if you are unsure of whether or not your 8-plex is insured correctly? If your tenants are compelled to move out due to fire, does your insurance cover such loss-of-rent? Before any untoward event happens and regret shows up, take the time to understand what is (or is not) covered by your insurance policy. Insurance may add to your expenses and takes off some amount from your bottom line. However, it also helps you sleep soundly at night knowing that your property is protected from unforeseen losses.

Here are some points to help you grasp crucial factors to consider when arranging for insurance for your investment properties.

Knowing How Much Liability Protection To Carry

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Investor Profits $41K While Tenant Cries – Landlord Insurance and Renter’s Insurance are Must Haves!

Posted on: January 9, 2010

Categories: Investors, Profit, Things To Consider

Author: buyfixandprofit

Investor Profits $41K While Tenant Cries – Landlord Insurance and Renter’s Insurance are Must Haves!

Renter’s Insurance

I never used to require my tenants to obtain a renter’s insurance policy when leasing one of my properties; I just suggested it.  I figured it was a good idea to have but it was ultimately the tenant’s decision not mine.  The landlord is not liable for the tenant’s personal belongings in almost all cases of loss (unless it can be proven that the landlord’s negligence caused the damage), so why should I care?

Well after years of owning many rental homes in blue-collar neighborhoods, I have changed my views and now require all new tenants to obtain a renter’s insurance policy as part of the lease agreement.  In many cases it’s only about 50 cents a day.  Check out this link for a good overview of the benefits of renter’s insurance to the tenant.… Read the rest

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