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#162082 - 08/10/07 02:41 PM Landlord Insurance
pedro Offline
Member

Registered: 08/06/07
Posts: 19
Loc: California

Can anyone tell me there experiences with insuring a single family rental property? I have had a landlord policy with Allstate that is 30% more then when we were living there, and apparently they are getting out of the business and won't be renewing it. Do you really need a landlord policy versus a regular home insurance policy.

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#162223 - 08/10/07 10:34 PM Re: Landlord Insurance [Re: pedro]
Paul Oaks Offline
Major Contributor

Registered: 06/23/04
Posts: 3370
Loc: Central Illinois
Yes you should have the landlords policy. Insurance companies hate to pay claims so don't give them any excuse to not pay the claim.

Check with MetLife & Home for 1-4 family policies
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Oaks Real Estate Group

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#196263 - 01/23/08 03:12 PM Re: Landlord Insurance [Re: Paul Oaks]
DBQ Offline
Member

Registered: 01/16/08
Posts: 29
Loc: United States
Landlords policy can help save you the hassle. Metlife is also another good resource but I would check all your options before making a final decision.
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#197619 - 01/27/08 11:36 PM Re: Landlord Insurance [Re: DBQ]
BayAreaTexan Offline
Member

Registered: 01/01/08
Posts: 106
Loc: SFBayArea, CA
Pedro I'm an insurance broker as well as real estate broker. PM me if you haven't found a carrier. Like you I'm in the golden state.

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#225413 - 05/08/08 08:21 PM Re: Landlord Insurance [Re: BayAreaTexan]
DennisVolz Offline
Member

Registered: 05/07/08
Posts: 20
Loc: San Diego, CA
Most companies have both policies available. With my company, Rental Dwelling Policies (landlord insurance) includes LOSS OF RENTS that continues your rent payment.

You can get some more general information from the post A few thoughts on PROPERLY insuring your Rental Property at The San Diego Insurance Blog


Edited by DennisVolz (05/08/08 08:24 PM)
_________________________
Dennis Volz
SF Insurance Agent since 1978
Email: Dennis@DennisVolzInsurance.com
Website: Dennis Volz Insurance
Blog: The San Diego Insurance Blog

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