- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
What kind of insurance should I have on rental properties?
Posted on 6/21/23 at 5:54 pm
Posted on 6/21/23 at 5:54 pm
I have five rentals that all have landlord insurance and then a general umbrella policy that increases the protections. Most are around the $1,500/year category and the umbrella policy is another $500/year that bundles all of them plus my vehicle increasing the coverage and prevents things like lawsuits in case a tenant sues for whatever reason.
For those of you with rentals, is this what you also do? I just acquired a manufactured home, bought it In cash, but my insurance company doesn't want to insure it. Was thinking about just not having insurance on it at all. Any thought?
For those of you with rentals, is this what you also do? I just acquired a manufactured home, bought it In cash, but my insurance company doesn't want to insure it. Was thinking about just not having insurance on it at all. Any thought?
2
Posted on 6/21/23 at 7:46 pm to rpg37
That's what I do on my rentals.
As far as the manufactured one, I'd at least have liability assuming it going to be rented out.
As far as the manufactured one, I'd at least have liability assuming it going to be rented out.
Posted on 6/21/23 at 9:11 pm to ItzMe1972
quote:
That's what I do on my rentals.
Sorry, you have what on your rentals? Landlord + Liability?
The manufactured one will be rented out. I inherited tenants. Are you saying you would just add this one to the umbrella and not worry about the landlord insurance?
I just want to be sure I am understanding you properly.
Posted on 6/21/23 at 9:22 pm to rpg37
quote:
I just acquired a manufactured home, bought it In cash, but my insurance company doesn't want to insure it.
American Modern and Foremost are the two major manufactured home insurance companies. A kitchen fire may total a trailer and those shaky steps are a fall hazard. I would get some insurance
Posted on 6/21/23 at 9:50 pm to weadjust
quote:
American Modern and Foremost are the two major manufactured home insurance companies. A kitchen fire may total a trailer and those shaky steps are a fall hazard. I would get some insurance
Would you get the landlord's insurance only or add the umbrella/liability add-on?
Posted on 6/22/23 at 8:52 am to rpg37
"Sorry, you have what on your rentals? Landlord + Liability?"
Hazard plus umbrella.
Hazard plus umbrella.
Posted on 6/22/23 at 9:17 am to ItzMe1972
quote:
Hazard plus umbrella.
This is what I have. Property management company I use recommended a million. It's relatively inexpensive if I remember right.
Posted on 6/22/23 at 9:34 am to Aubie Spr96
That's what I have as well.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News