All Forum Posts by: Tania Strobinski
Tania Strobinski has started 1 posts and replied 2 times.
Post: new landlord policy - need advice on whether lower liability
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Originally posted by @Thomas S.:
Your liability is too low. You should have a minimum 1M liability coverage 2M would be better.
Why? I never get more than 300,000. oh, I have an additional umbrella policy, forgot to mention. ty for reminding. i am thinking it's too high maybe.
Post: new landlord policy - need advice on whether lower liability
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hi
we just bought a property in South Philly with tenants already there. The house is in a pretty bad condition, so we bought as is. We'll be flipping when they move out. But the main problems do seem to be easily fixable. Meantime, this is what my agent suggested for policy, it comes out to almost $100 /mo, so I am doubtful:
dwelling 150,000 liability with 2500 deductible
premises 350,000 liability
500 med. included
there's a pre 1930 built surcharge
rawhouse charge
premium comes to $1,107 - does it sound too much or about right?