All Forum Posts by: Casey J Burkhead

Hey Myron,

REI Guard is a great option for this type of situation. They would start you out with a vacant or rehab policy and then instead of writing a whole new landlord policy after the work is completed and you have a tenant, they just convert the existing policy. Send me a message if you want more info.

I've never heard of that.  If the property isn't occupied at the time of loss, that's a different story.  But if it's occupied with working central heat, then it should be covered on a standard Landlord Dwelling policy.  I agree with the prior two responses that you should look into getting a different policy.

I would recommend Birchler Contracting. Message me if you want more info. 

Hi Jordan, I work with many property investors in the Pittsburgh area.  Shoot me a message if you would like to discuss this.

Hey John,

As long as you have an underlying renters policy with liability coverage, PersonalUmbrella.com should underwrite an umbrella for you.  Your broker would have to get appointed with them or you would have to contact an Agent who is appointed.

Hi Dave,

My recommendation to my clients is to always have at least as much liability coverage as you have in personal assets or net worth.  If an incident were to occur and you are sued, one of the first things the attorney will do is try to find out how much they can get out of you.  Also, keep in mind that they can sometimes sue for future assets.  In my opinion, individuals with multiple investment properties should always have extra liability coverage or an umbrella because of their exposure to additional risk.  And the average cost of that additional coverage is relatively inexpensive.

Hi Patty,

Personalumbrella.com is what I use for my clients for stand-alone umbrella policies. 

Hi Ben,

I'd be happy to steer you in the right direction if you'd like to message me directly.

Depending on who your auto insurance / primary home insurance carrier is and how many rentals you actually have, they should be able to provide you with an Umbrella quote.  For those investors who have 5+ properties, I usually recommend personalumbrella.com.  They write stand-alone umbrellas.

Nate,

I would check out REI GUARD. They are a great option for property investors with more than 4 properties and in multiple states. REI Guard