INSURANCE FOR INVESTMENT PROPERTY FLORIDA

INSURANCE FOR INVESTMENT PROPERTY FLORIDA

Jason CrowePro Member
Real Estate Agent · Jacksonville, FL · Member since 2019 · 209 posts · 47 votes

I need insurance for a property with Fed pacific PANELS, minor leak under sink, and limbs hanging over roof.  These things will be cleared up once bought but I need landlord insurance to cover the property.  

1mil liability

ordinance insurance

renters insurance for tenent (quadplex all occupied)

wind/hail insurance

water damage

named storm insurance

possible flood insurance

1984 property quadplex 4 tenants.  Do not have wind mitigation and will not have that.  Have 4pts. I need a broker who can find insurance for property in florida.  Everyone seems to think they can cover it then they drop the ball at the end.  please contact me.  Send me a message.

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Insurance Agent · Orlando, FL · Member since 2015 · 297 posts · 122 votes
6y

@Jason Crowe These are all easily done across multiple policies. 

DP3: Ordinance/law; wind/hail ; water; named storm (redundant)

HO4: Renters insurance (bought by the renters)

Umbrella/GL: Most policies only go up to $300,000 or $500,000 liability. An umbrella or commercial general liability policy would get you up to the requested $1 mil. 

Flood: Typically provided on a separate policy but a few carriers now offer it as an endorsement to the DP3 policy. 

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  • Investor · Longwood, FL · Member since 2017 · 108 posts · 78 votes
    6y

    Wind/ Hurricane is’nt your call unless you’re paying all cash. Your lender won’t do it without it. The rest is easy. 

    As for the panels, replace them and your premiums go down. It’s around $800-1000 per. 

  • Insurance Agent · Atlanta, GA · Member since 2019 · 59 posts · 9 votes
    6y

    I have a client who can help you get insurance in FL. 

  • Insurance Agent · Orlando, FL · Member since 2015 · 297 posts · 122 votes
    6y

    @Jason Crowe These are all easily done across multiple policies. 

    DP3: Ordinance/law; wind/hail ; water; named storm (redundant)

    HO4: Renters insurance (bought by the renters)

    Umbrella/GL: Most policies only go up to $300,000 or $500,000 liability. An umbrella or commercial general liability policy would get you up to the requested $1 mil. 

    Flood: Typically provided on a separate policy but a few carriers now offer it as an endorsement to the DP3 policy. 

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