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Updated almost 6 years ago on .

User Stats

38
Posts
33
Votes
Derrick Lloyd
  • Investor
  • San Diego, CA
33
Votes |
38
Posts

Getting Insurance after Claim

Derrick Lloyd
  • Investor
  • San Diego, CA
Posted

One of my properties had a major fire caused by the tenant, and I am currently working on the claim with my insurance.  My question is if this loss claim will affect my ability to get insurance on other investment properties as well as my primary residence? 

I was looking for quotes for insurance for another property I have, and was denied by the company that insures the fire damaged house. I am guessing that I may have burned the bridge with that company from the claim, but my agent their said that this claim will follow me for 3 years and could affect my ability to get insurance. I had the home in my personal name, not an LLC.

Mostly looking for answers to prepare myself for future properties.

  • Derrick Lloyd