All Forum Posts by: Danielle Davenport

Don't invest in unsecured real estate. You have no guarantees of getting your money back. Only if you secure the investment in 1st position on title (and of course the value is at least 150% of investment) 

Lack of Insurance is killing my Sales.

Buying a new home in CA? Start with Insurability.

If it’s hard to insure, you will need the FAIR Plan and that could take 8 weeks to secure a Binder.

We are seeing 3-4 weeks to visit the site then an additional 3-4 weeks to underwrite and produce a binder.

The California FAIR Plan offers property insurance to homeowners and renters who have trouble getting insurance through a private company.

What is the FAIR Plan?

The FAIR Plan, or Fair Access to Insurance Requirements Plan, is an insurance program established in various states, including California, to provide property insurance coverage for individuals who are unable to obtain insurance through the standard insurance market due to high-risk circumstances. The FAIR Plan is typically considered a last resort for homeowners and property owners who are struggling to secure coverage because their properties are located in areas prone to natural disasters, such as wildfires, earthquakes, hurricanes, or other catastrophic events.

Here are some key characteristics and features of the FAIR Plan:

1. **High-Risk Areas:** The FAIR Plan primarily serves homeowners and property owners who reside in high-risk areas, where private insurance companies may be reluctant to provide coverage due to the increased likelihood of property damage or loss from natural disasters.

2. **Limited Coverage:** FAIR Plans typically offer limited coverage compared to standard homeowners' insurance policies. This means that policyholders may not have access to the same level of coverage and protections as those offered by private insurers.

3. **Basic Coverage:** FAIR Plans typically provide essential coverage for the structure of the property, but they may not offer optional coverages such as personal property coverage, liability coverage, or additional living expenses coverage. Policyholders may need to seek supplemental insurance for these additional protections.

4. **Higher Premiums:** While the FAIR Plan is designed to provide coverage to those who cannot find it elsewhere, the premiums can be relatively expensive. Policyholders may have to pay higher premiums for the limited coverage provided.

5. **Market of Last Resort:** FAIR Plans are often referred to as the "market of last resort" because they are intended to be available when no other insurance options are available to property owners in high-risk areas.

6. **State Oversight:** FAIR Plans are typically regulated by state insurance departments or authorities. Each state may have its own FAIR Plan program with specific rules and regulations.

7. **Nonprofit or Government Entities:** FAIR Plans are often administered by nonprofit or government entities established by the state to ensure that homeowners have access to insurance coverage in high-risk areas.

Where can I change my name it did an auto load from FB and want to change it

I have had a lot of Success in (TX, OK, TN and Carolinas) but the opportunities are drying up. 

Anybody looking at some great locations and would like to share? 

Out of what State? I am in California and only invest in TX, Carolinas and Co

I'd be happy to join. 

Not familiar with TN - but check with an escrow/title and see if they can do the transaction

Go get UM!

Online tools offer various payment options

 I have an opportunity to join our Corp Membership and wondering how useful the deal analysis is?