t*******e
发帖数: 29 | 1 原来自己住买的是Home owner insurance, 现在租出去要换保险吗? 打听了一圈发现
landlord的保险比home owner还贵, 所以想是不是就可以keep原来的Home owner
insurance?
多谢了! | h*******y
发帖数: 864 | 2 Landlord insurance is more expensive than the home owner insurance for a
reason: tenants are more neglect in taking care of properties. Depending on
your policy details, you are running the risk of the insurance company
declining your claim if you don't update it with landlord insurance.
【在 t*******e 的大作中提到】
: 原来自己住买的是Home owner insurance, 现在租出去要换保险吗? 打听了一圈发现
: landlord的保险比home owner还贵, 所以想是不是就可以keep原来的Home owner
: insurance?
: 多谢了!
| h*******y
发帖数: 864 | 3 By the way, because who know what the tenants might be doing in your house,
I also recommend that you buy some fire extinguishers and install in the
house (most importantly the kitchen area).
【在 t*******e 的大作中提到】
: 原来自己住买的是Home owner insurance, 现在租出去要换保险吗? 打听了一圈发现
: landlord的保险比home owner还贵, 所以想是不是就可以keep原来的Home owner
: insurance?
: 多谢了!
| K****D
发帖数: 30533 | 4 Do you recommend to buy landlord insurance?
I mean, if you have rented out before, according to your
experience of tenants, do you think it's worth the premium?
on
【在 h*******y 的大作中提到】
: Landlord insurance is more expensive than the home owner insurance for a
: reason: tenants are more neglect in taking care of properties. Depending on
: your policy details, you are running the risk of the insurance company
: declining your claim if you don't update it with landlord insurance.
| h*******y
发帖数: 864 | 5 None of the insurance is worth the premium unless something bad happens.
I don't have personal experience as a landlord, but according to what I read
, insurance companies may deny your claim as homeowner insurance is only
valid when you live in that house. Even if you don't rent it out, but you
keep it vacant instead, you will have a different insurance premium because
such houses are considered at-risks.
It is also a good business practice to educate the tenants about their
renter insurance op
【在 K****D 的大作中提到】
: Do you recommend to buy landlord insurance?
: I mean, if you have rented out before, according to your
: experience of tenants, do you think it's worth the premium?
:
: on
| K****D
发帖数: 30533 | 6 Well, as a renter, I usually directly pass all landlords that
require renter's insurance, because I figured that for our
life style, we wouldn't go for the insurance if not required.
Therefore that becomes a complete hassle.
When I first arrived in Seattle 2 years ago, about 50% landlords
require renter's insurance. Last year none of the places we
visited require it any more.
Another topic: I've heard many times that it's better to form
an LLC and hire someone to manage your rental property, if
【在 h*******y 的大作中提到】
: None of the insurance is worth the premium unless something bad happens.
: I don't have personal experience as a landlord, but according to what I read
: , insurance companies may deny your claim as homeowner insurance is only
: valid when you live in that house. Even if you don't rent it out, but you
: keep it vacant instead, you will have a different insurance premium because
: such houses are considered at-risks.
: It is also a good business practice to educate the tenants about their
: renter insurance op
| h*******y
发帖数: 864 | 7 I actually think that if you have just one single house to rent out, it may
not be cost effective to form an LLC. Because you will then have to pay LLC
fees every year and deal with all the paperwork. It might be worthwhile just
to buy landlord insurance (which protects you against fire, flood, theft,
etc) and buy umbrella insurance (which protects you against lawsuit claims).
If the rental business grow, then you want to isolate issues on one
properties from another, LLC is better as it is also
【在 K****D 的大作中提到】
: Well, as a renter, I usually directly pass all landlords that
: require renter's insurance, because I figured that for our
: life style, we wouldn't go for the insurance if not required.
: Therefore that becomes a complete hassle.
: When I first arrived in Seattle 2 years ago, about 50% landlords
: require renter's insurance. Last year none of the places we
: visited require it any more.
: Another topic: I've heard many times that it's better to form
: an LLC and hire someone to manage your rental property, if
| s**p
发帖数: 518 | 8 My HOA requires landlord insurance, and the property damage coverage is at
least 50w. My insurance company is statefarm, the landlord insurance premium
is cheaper thn home owner insurance. But the latter one qualifies multi-
line credit, the landlord doesn't.
【在 t*******e 的大作中提到】
: 原来自己住买的是Home owner insurance, 现在租出去要换保险吗? 打听了一圈发现
: landlord的保险比home owner还贵, 所以想是不是就可以keep原来的Home owner
: insurance?
: 多谢了!
|
|
