Landlord insurance policies for your rental properties | TigerDroppings.com

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Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
9986 posts

Landlord insurance policies for your rental properties



I feel like I can do way better than this policy I have ...I was rushed when I had to get it last year...can anyone share with whom they have a policy with and any general advice on coverage, etc...thanks






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buford4LSU
LSU Fan
Thibodaux, LA
Member since Jan 2008
407 posts
 Online 

re: Landlord insurance policies for your rental properties


I had ASI Lloyd's in the past





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SLC
Arkansas Fan
Hiwasse, AR
Member since Oct 2007
15261 posts

re: Landlord insurance policies for your rental properties


We almost always use Cincinnati.



This post was edited on 8/11 at 6:59 pm


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Mr.Perfect
Louisiana
Member since Mar 2013
5152 posts

re: Landlord insurance policies for your rental properties


Do you have an umbrella policy?





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Mr.Perfect
Louisiana
Member since Mar 2013
5152 posts

re: Landlord insurance policies for your rental properties


Do you have an umbrella policy?





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Fat Bastard
New Orleans Saints Fan
Paradise
Member since Mar 2009
16402 posts

re: Landlord insurance policies for your rental properties


I use a commercial Policy for dwelling and premises liability.

I use Affinity/national real Estate Insurance Group.

great coverage and great prices.

Includes all kinds of things and hazards...






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Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
9986 posts

re: Landlord insurance policies for your rental properties


quote:

commercial Policy


is that something I could/should use for just 1 rental house?






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RushTigerLimbaugh
LSU Fan
Member since Dec 2009
1284 posts

re: Landlord insurance policies for your rental properties


quote:

Includes all kinds of things and hazards...


Bet it doesn't include coverage for terrorism, pollution, floods, riots, nuclear attacks, tidal waves, earth movement, your work, etc... The amount of hazards excluded from coverage under a typical commercial general liability policy can be pretty eye opening.






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Fat Bastard
New Orleans Saints Fan
Paradise
Member since Mar 2009
16402 posts

re: Landlord insurance policies for your rental properties


quote:

is that something I could/should use for just 1 rental house?



sure, do not let the "title" of what it is called fool you. It is used for residential properties as well.






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Fat Bastard
New Orleans Saints Fan
Paradise
Member since Mar 2009
16402 posts

re: Landlord insurance policies for your rental properties


quote:

coverage for terrorism,


you really think I need that? For my homes where they are? really? I'll take my chances on that.

quote:

pollution,


now you are being silly

quote:

floods


Not in a flood zone, not needed

quote:

riots,


I'll take my chances

quote:

nuclear attacks


again, see#1

quote:

tidal waves


see#1

quote:

earth movement,


Not in earthquake zone. It covers hurricanes, tornadoes and many other things, too many for me to even remember. It is on special form so I have all the coverage I need and then some actually.



This post was edited on 8/12 at 7:18 am


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Slickback
New Orleans Pelicans Fan
Deer Stand
Member since Mar 2008
26159 posts

re: Landlord insurance policies for your rental properties


If the house is on good shape, ASI will be hard to beat. They are a little tough on initial inspection though.





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StrangeBrew
LSU Fan
Salvation Army-Thanks Obama
Member since May 2009
13799 posts

re: Landlord insurance policies for your rental properties


If you only have one rental property, just add it to your homeowners. When you get two add the second to the homeowners of the stand alone. Has worked well for me.





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Cold Cous Cous
LSU Fan
Obvious and pointed jeering
Member since Oct 2003
13721 posts
 Online 

re: Landlord insurance policies for your rental properties


quote:

pollution,


now you are being silly


Don't laugh; there has been a ton of litigation over the pollution exclusion, which the insurance companies have defined way more broadly than you might be thinking.






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Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
9986 posts

re: Landlord insurance policies for your rental properties


quote:

If you only have one rental property, just add it to your homeowners. When you get two add the second to the homeowners of the stand alone. Has worked well for me.


from everything I have read, this is a bad idea






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Mr.Perfect
Louisiana
Member since Mar 2013
5152 posts

re: Landlord insurance policies for your rental properties


I think thw only real problem here is exhausting limits





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StrangeBrew
LSU Fan
Salvation Army-Thanks Obama
Member since May 2009
13799 posts

re: Landlord insurance policies for your rental properties


quote:

from everything I have read, this is a bad idea


please tell the reasoning,

If you have not set up a LLC or LP you are tied to the rental.

Not saying there are not draw backs but it has worked well for me 8 plus years.






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