All Forum Posts by: Owen Rosen

I just went under contract on a 4 unit apartment building with a single family home on the same lot. The buildings need some TLC, but nothing major in my eyes. 

My agent got the declaration pages from the current owners policy. He emailed current carrier asking if they could re-write current policy to me. They came back and said it was greater than 50 years old so they wouldn’t insure it. Kind of crazy to me they’ve insured it for years, but with a new owner they won’t. Any advice?

Hi BiggerPockets Community, 

Does anyone have any suggestions/recommendations for landlord insurance companies in Virginia (Arlington)? I'm finding it's a lot easier to get a quote for rental properties in DC. Are there different regulations for landlords in VA?

Can I just purchase a homeowners insurance policy and rent the place out?

Regards,

Rami
 

Hello BPs, 

I am in process of closing an investment property. The lender is looking for proof of insurance/insurance. Is there any recommendations how much liability should I keep?

I am new to the investment and BP. Any advice would be greatly appreciated. 

Thank you,

Shak 

Just purchased my first investment property. I am currently shopping for insurance. At this stage, I don't think I need to set up an LLC, but I see a lot of people recommending getting an umbrella policy. I got a couple quotes that includes liability coverage. If the rental property insurance includes liability, is it also a good idea to get an umbrella policy as well? I do plan on purchasing more properties in the future, but not anytime soon.