Scheduled Dwelling Policy - Rental Properties
I am a new investor, and have not yet purchased any rental properties. Through the process of my due diligence I am getting information for what insurance costs and options are to flip and rent houses. I reached out to my personal insurance broker, who directed me to a friend who specializes in commercial and investor insurance needs. In speaking with her, she told me that they have a product called Scheduled Dwelling Policy that allows multiple (all) properties to be placed under the policy. The benefits are that you have 1 policy for all of your rental properties, premiums are lower and there is better coverage because it is a commercial policy and covers more than traditional residential policy used by many investors.
Sounds like a great option, I don't have pricing on it yet, but wanted to see if anyone is using this type of policy and if there is any feedback on them.