All Forum Posts by: Owen Rosen

@Owen Rosen I don't think I would get an insurance company involved at all. I would be staying at the property as the heat heated the pipes over 24 hours. I would also turn off the water and turn it on slowly as I checked for leaks after the dethaw.

@Bryan H.
If the property it vacant, make sure your insurance indicates this. It will cost more, but the last thing you want to do it buy a property and the pipes burst week one and you don't get any insurance money to fix the issue. Especially if you indicated it's not been winterized in Michigan that property has a high chance of having the pipes burst if you let it go all winter with as cold as it gets in Michigan (assuming you don't leave the furnace on to keep the place warm).  

Hello,

It will be my first investment property that I am going to have as LTR. 

Does anyone know if I need a regular or some investment property Homeowner insurance? 
This is a single family house which is going to be rented in 2 weeks. 
Thanks 

I'd start by getting 3 or more insurance quotes to see if there is a better price. I believe you can have up to 4 residential units before a commercial policy is required. If the city will allow you to convert it into a residential unit and you could pull it off for $8,000, there might be a reasonable return on investment.

I had to move away from Proper on my 2nd property because they have a hard stop rule with cloth wiring. Kind of a bummer because I like their service and I like to keep continuity with vendors but I'm not spending $10-13K on electrical work if the only one who will care is the insurance company!

Went to Foremost because they were the only company I could get on the phone to talk about the policy without much effort. The others required you to jump through hoops just to get an email response, which I always worry is indicative of how they are when you need them. 

Hey friends!  My insurance company is dropping me because my commercial property is a home converted (and officially zoned) to commercial space.  I now need to find insurance but struggling with my current broker.  Recommendations for commercial property insurance in Texas?  Thanks!

Kate P.