All Forum Posts by: Owen Rosen

I have all my properties with American Modern and Allstate.  Neither is taking on new landlord policies in Texas or Colorado (where my property located).  

Who do you use for individual SFH policies or commercial policy that could write a portfolio policy?

I am working with a hard lender on a purchase/reno and they require a builders risk policy even though 1 unit of the 3/4 will have a tenant.  Can anyone recommend a company that offers a builders risk policy to cover the construction period but then will also allow a cancellation and refund after work is finished to convert into a standard landlord policy.  The insurance agency I work with is having trouble finding a company that understands that type of policy and also offers it. 

@Max Servais if this will be your primary residence, you will need to insure this with a Homeowners policy.  A standard Landlord/Apartment policy will not allow the building to be owner occupied, especially if the title is no your personal name.

I own a duplex with tenants. I received a notice from my rental property insurance carrier that they will not renew my insurance policy covering my rental unit. I want to keep my insurance carrier. If you have been able to convince your insurance carrier to reconsider not renewing the policy, please give me advice.  Thank you. 

Hi All,

New investor here. My business partner and I went into contract on a 4 family property in Framingham, MA. We will renovate all 4 units and then rent the units out. I reached out to an insurance broker today and he had indicated that we would need a constructions insurance policy for the renovation phase of the project. Do we really need to do a policy like that? We will have tenants for 3-6 weeks following closing so theoretically we could insure on a traditional policy in the beginning, as it would be much cheaper. Does anyone else have experience with this? 

Thanks,

Shaun

Who will give me this report? I am buying a property that is owner occupied.