All Forum Posts by: John Schaeffer
John Schaeffer has started 1 posts and replied 68 times.
Post: Landlord as Additional Insured vs Additional Interest On Renter Insurance in New Jers
- Posts 74
- Votes 26
Hey Andy,
You'll want to be listed as an additional interest on the policy. This ensures you will be notified if your tenants cancel their coverage or have a lapse.
Adding you as an additional insured would open you up to any claim they would make which would be a huge risk because those claims would follow YOU for any other purchases you would intend to make for at least 5 years.
Your homeowner/landlord policy will provide the liability protection if something was to happen.
Post: New Jersey Investor Seeking to Build Passive Income—Let’s Connect!
- Posts 74
- Votes 26
Hey Hyatt!
Welcome to BP. Happy to connect with you!
Make sure you update your insurance policy. I've seen people get dropped from carriers and claims denied because they did not disclose that the use of the home changed.
Welcome to BP Terrance!
Welcome to BP Ken!
Welcome Maxine!
Hi Ashley,
Welcome to bigger pockets!
Post: Realtor in Jersey City looking to network with investors and other realtors
- Posts 74
- Votes 26
Hey Joelle,
Happy to have you here. Would love to connect with you!
Post: Property Management Fee- Commercial Retail 8 unit building
- Posts 74
- Votes 26
Where is the property located?
Post: HOA Master Insurance Providers
- Posts 74
- Votes 26
Bian,
I'm an agent for an insurance brokerage in north Jersey. If you want I can connect you with an agent that deals specifically with those types of policies.