www.REIClub.com – Rental Property Insurance Is Essential For Your Real Estate Rentals. Here’s What You Need To Know About Insuring Rental Properties… Hi, this isFrank Chen with REIClub.com, the only site you need as a real estate investor. Today I’ve got quick video on rental property insurance. Intro to Rental Property Insurance The type of insurance coverage landlords need falls under the umbrella term “property and casualty insurance”. We also encourage Landlords to look into Liability insurance, which i’ll cover a bit later in the video. Homeowners insurance mainly focuses on the coverage for the contents of the house, as a Landlord, you don’t really need that. You need rental property insurance. Rental property insurance policies are written for structures that are four units or less. Anything above that, becomes a commercial risk, which requires a commercial policy.. The policy is written as a package policy, meaning that it covers a number of what insurance companies refer to as “perils.” These are things like… – Fire, Hail theft, tornado, hurricane, wind, and water. – Also covers detached structures on the property like a garage or a storage shed. Important to have the appropriate rental insurance Insurance companies assume… (some items require liability insurance in order to be covered) – the risk for damages to your property – Covers you against any injuries or accidents that may occur (Note The Landlord is liable if he is negligible. So anything, that you …
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Question by ajrcltmar2: I just changed my auto insurance coverage how will I be paid back?
My insurance company is progressive. I just changed my policy for less coverage. Now they owe me money. How will I get it back? Do they send a check or put it back on my paypal account? I paid through paypal.
Best answer:
Answer by Jim
It all depends on how long your previous coverage was in effect. Some ins. companies do not refund any cancled coverage after the policy has been in force for 30 days or more. Good luck . . .
Why don’t you give them a call mentioning your old & new policy #’s. . . .
Know better? Leave your own answer in the comments!
