Investor · Sterling, VA · Member since 2014 · 24 posts · 17 votes
I am currently looking for a new insurance broker to help me out with my properties in Baltimore, MD. Does anyone have any good recommendations? Thanks!
Insurance Agent · Nationwide · Member since 2014 · 2k+ posts · 1k+ votes
10y
@Brandon Battle When calling new agents, just say "I have a ____ Unit Rental Dwelling I need insured". They will get you the right policy.
Typically 1-4 unit buildings will be on a Dwelling Fire policy, while 5 units and greater will be on a Commercial policy or Business Owners Policy (BOP)
I am an insurance broker myself. We have a program specifically for rental properties. Our coverages are tough to beat and the cost is very competative. I would be happy to get you a quote. Our progran is available nationwide.
I am an insurance broker myself. We have a program specifically for rental properties. Our coverages are tough to beat and the cost is very competative. I would be happy to get you a quote. Our progran is available nationwide.
Laguna Hills, CA · Member since 2015 · 17 posts · 6 votes
10y
Hello folks. I am a new landlord, and this idea of "Landlord Insurance" is foreign to me. Why would you need separate insurance from Homeowners insurance? Thank you for any info.
Investor · Hyattsville, MD · Member since 2012 · 822 posts · 441 votes
10y
it's called "fire dwelling" coverage in insurance parlance. It covers the structure, the liability associated with renting to long term tenants, lost rental income if there were to be a total loss or uninhabitable and personal property (appliances are considered personal property and are not automatically covered unless you add coverage). Any broker knows what insurance you need when you tell them you are renting out the property long term.
Insurance Agent · Nationwide · Member since 2014 · 2k+ posts · 1k+ votes
10y
@Brandon Battle When calling new agents, just say "I have a ____ Unit Rental Dwelling I need insured". They will get you the right policy.
Typically 1-4 unit buildings will be on a Dwelling Fire policy, while 5 units and greater will be on a Commercial policy or Business Owners Policy (BOP)