Ten Ways To Save On Your Investment Rental Property Insurance!
One of the biggest drains on cash flow tends to be the insurance premium associated with an investment property. When searching for cash flowing properties, a reputable turn-key group will provide a pro-forma with an estimated insurance rate.
Being the savvy investor you are, you most likely contact your insurance provider and try to match up the prices to get a more accurate cash flow / ROI. But how often have you reviewed the amenities of a property and discussed discounts with your insurance provider based on items like security alarms, smoke detectors, etc. ?
So what if you discover no savings? It's a no brainer that spending a little short term for long term savings makes solid financial sense. So work with your insurance provider and see if adding a few inexpensive items is justifiable for the savings you gain.
The article below can get you going in the right direction - it relates to rental insurance but the principles are applicable to any property related insurance:
10 Safety Devices That Could Lower Your Insurance Premiums
Being the savvy investor you are, you most likely contact your insurance provider and try to match up the prices to get a more accurate cash flow / ROI. But how often have you reviewed the amenities of a property and discussed discounts with your insurance provider based on items like security alarms, smoke detectors, etc. ?
So what if you discover no savings? It's a no brainer that spending a little short term for long term savings makes solid financial sense. So work with your insurance provider and see if adding a few inexpensive items is justifiable for the savings you gain.
The article below can get you going in the right direction - it relates to rental insurance but the principles are applicable to any property related insurance:
10 Safety Devices That Could Lower Your Insurance Premiums
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