Student · Null · Member since 2015 · 149 posts · 8 votes
Hello BP, so i'm getting some difficulty when talking to an insurance agent because so far all of them are pretty clueless in helping me.
What kind of insurance i suppose to get for a company & property? I know the answer is pretty much varies but there are some basic ideas such as fire & etc. I know about the kind of insurance an individual landlord suppose to get, but not sure in a business entity.
Your explanation is unclear and that is why they are having trouble helping you. What is it exactly you are seeking coverage for? A SFR, an apartment, multiple SFR's? What type of company (Corp/LLC). Does the company own the property directly or is it a separate management entity? I would need more details to offer any relevant advice.
Your explanation is unclear and that is why they are having trouble helping you. What is it exactly you are seeking coverage for? A SFR, an apartment, multiple SFR's? What type of company (Corp/LLC). Does the company own the property directly or is it a separate management entity? I would need more details to offer any relevant advice.
Apartments = BOP. Business Owners Policy that covers property, liability, business income (loss of rents), building ordinance and an array of other throw in coverages.
Condo- complex to cover properly. The association usually has coverage for walls out. You are looking for a non owner occupied HO6. Not always easy to get.
SFR's - dwelling fire or "landlord" policy.
Apartments = BOP. Business Owners Policy that covers property, liability, business income (loss of rents), building ordinance and an array of other throw in coverages.
Condo- complex to cover properly. The association usually has coverage for walls out. You are looking for a non owner occupied HO6. Not always easy to get.
SFR's - dwelling fire or "landlord" policy.
And all of these is to prevent liability on the company right?