I'm hoping to rent a property until the market snaps back. Is receiving Landlords insurance difficult to obtain? Also should I expect my already high insurance premium to rise drastically?
2006-10-11 03:17:40 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Call your insurance agent and explain it. You can get it insured if it's in good condition. They could exclude something, like the roof is bad, or the garage looks like it's falling down. It won't be classified as personal insurance, probably under business insurance. But you'll still be covered for both property and liability. A good insurance agent is a god-send.
2006-10-11 05:45:51 · answer #1 · answered by chefgrille 7 · 0⤊ 0⤋
There are two kinds of insurance that you need to look at. The first one is home owner's insurance (or property insurance). If you have a mortgage on the property, you probably have the insurance already. It cover damages to the property due to fire, windstorm, hurricane etc. The other kind of insurance is liability insurance. That is to cover you in case someone gets hurt or whatever.... Liability insurance should not be difficult to get. Your home owners insurance should not change unless it is time for renewal. You should give your existing insurance company a call.
2006-10-11 03:26:19 · answer #2 · answered by robert S 4 · 0⤊ 0⤋
I read and see everyday in the news about all the problems that all those disasters caused last year relating to insurance in Florida but where you really need to go is the state for information. So here is the link on insurance questions:
Home owner insurance information from the state: http://www.stateofflorida.com/Portal/DesktopDefault.aspx?tabid=20
Buena Suerte
2006-10-11 04:23:27 · answer #3 · answered by newmexicorealestateforms 6 · 0⤊ 0⤋