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re: Rental properties - Sandestin, Seaside, Seagrove, Water color
Posted on 7/1/22 at 9:50 am to Shaun176
Posted on 7/1/22 at 9:50 am to Shaun176
quote:
If a hurricane hits or there is another oil spill, you might not be able to rent it out for months.
I would imagine just like a normal investment property there are riders to your insurance policy to cover loss of rents in the event of something like this. Although I know an act of God or Terrorism is sometimes excluded.
1
Posted on 7/1/22 at 7:10 pm to Im4datigers
quote:
I would imagine just like a normal investment property there are riders to your insurance policy to cover loss of rents in the event of something like this. Although I know an act of God or Terrorism is sometimes excluded.
Maybe but I've never heard of one. Loss of business insurance is extremely rare and very difficult to claim. Covid is a great example, most that had something like this were denied.
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