Recommendation for rental property Insurance for landlord

Hilo, Hawaii
General Landlording & Rental Properties
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Recommendation for rental property Insurance for landlord

Ling Rita
New to Real Estate · HI · Member since 2023 · 17 posts · 2 votes

Dear investors,

I’m looking to rent out my property soon and currently planning to get a rental property insurance for landlord. 

Any recommendations would be much appreciated.
Thank you,

Ling

1Reply
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  • LeeAnn Owens
    Investor · MD · Member since 2023 · 71 posts · 45 votes
    2y

    Hi Ling! Ask your real estate agent to refer an insurance agent to you. They’ll be able to help you find a policy that works best for you. 

    0Reply
  • Ling Rita
    OP
    New to Real Estate · HI · Member since 2023 · 17 posts · 2 votes
    2y

    He LeeAnn,

    Ok, thank you so much. I appreciate it!

    1Reply
  • John Mocker
    Insurance Agent · Norwalk, CT · Member since 2016 · 2k+ posts · 1k+ votes
    2y

    Ling,

    Generally, a 1-4 family dwelling, that is not owner occupied, would be covered under a Dwelling Fire policy (some companies call it a Landlord policy).  If the property is 4+ units or has a commercial exposure the coverage would normally be under a Business Owners (BOP) or Package policy.  

    You should seek our Independent agents (they represent many companies) that write in the state the property is located.  Have them run quotes for you and make recommendations of coverage.  

    Some sources to find those agents:

    1. Trade Associations: PIA (Professional Insurance Agents) or IIA (Independent Insurance agents)

    2. Local Real Estate investors Assocations 

    3. Your CPA, Attorney or Realtor

    0Reply
  • Ling Rita
    OP
    New to Real Estate · HI · Member since 2023 · 17 posts · 2 votes
    2y

    Hi John,

    That’s good information. Thank you! 

    0Reply
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