I have a house in houston and now I need to get the hazrd insurance. The insurance agencies tell me to take the expensive insurance which include include replacement cost and 6 month rental, (TD3).
I want to go for the cheaper insurance which just pays for the COST (TD1)
What do you advise?
2007-09-01 07:43:23 · 4 answers · asked by Alpha Bravo Charlie 2 in Business & Finance ➔ Renting & Real Estate
If you get the cheaper insurance they'll only pay the depreciated value of any items lost, stolen or destroyed. For example, a 5 year old TV set might get you $40 or so. The higher price policy will pay the replacement cost for a new set of similar size and features.
Also, if your place is uninhabitable you'll get $0 for alternate accommodation while repairs are being made. Your LL is NOT liable for those costs! His ONLY liability to you is the rent that would be otherwise due would be uncollectible while the unit was uninhabitable. The more expensive policy will pay your hotel bills (up to the policy limits) while repairs are made for up to 6 months.
The choice is yours. Personally I'd take the one that provides full coverage.
2007-09-01 08:15:30 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
I would recommend you to visit this web page where you can get rates from the best companies: http://QUOTESDEAL.NET/index.html?src=2YAirc2Yk3ni
RE :Which HAZARD INSURANCE policy should I purchase? TD1 or TD3 for a rental house in Houston.?
I have a house in houston and now I need to get the hazrd insurance. The insurance agencies tell me to take the expensive insurance which include include replacement cost and 6 month rental, (TD3).
I want to go for the cheaper insurance which just pays for the COST (TD1)
What do you advise?
Follow 2 answers
2016-09-12 00:20:52 · answer #2 · answered by Lynn 6 · 0⤊ 0⤋
Quite simply: It is a personal choice.
A bit of a gamble, but there is no way to know until you need it.
Need it tomorrow? Cheaper might be ok.
Need it in 20 yrs, then the higher may pay off.
I think the insurance company will be ok either way.
;)
2007-09-01 11:25:07 · answer #3 · answered by DallasLoanGuy 2 · 0⤊ 0⤋
I might suggest you to visit this internet site where you can get rates from the best companies: http://insure-cheap.info/index.html?src=5YAqqC1AOR8gjm1
RE :Which HAZARD INSURANCE policy should I purchase? TD1 or TD3 for a rental house in Houston.?
I have a house in houston and now I need to get the hazrd insurance. The insurance agencies tell me to take the expensive insurance which include include replacement cost and 6 month rental, (TD3).
I want to go for the cheaper insurance which just pays for the COST (TD1)
What do you advise?
Follow 3 answers
2017-03-21 14:43:14 · answer #4 · answered by ? 6 · 0⤊ 0⤋