It is a commonly misunderstood challenge: clarifying the timeless issue of how to properly insure a “subject to” property.
The obvious dilemma is the “Due on Sale” (DOS) clause being invoked and the mortgage company calling the note.
A monthly reporting form is an insurance methodology which allows our clients to change occupancy status, property values, as well as add and delete locations with no minimum earned premium. Meaning, you only pay for what you need on month-to-month … Read More
If one of your single-families caught fire last night, are you certain it is insured properly? If a spring storm blew the roof off of your 12-unit apartment building, would you have coverage for your loss-of-rents? Is your subject-to exposure … Read More
When selecting property insurance coverage with NREIG, consider a choice of two loss settlement methods: Replacement Cost and Actual Cash Value.
Replacement Cost coverage allows claims to be settled with reimbursable depreciation.
EXAMPLE – A house insured … Read More
As consumers, let alone real estate investors, we tend to flinch when the insurance bill arrives. Many times, for good reason, rates are higher, coverage seems to diminish, and for what? We never even filed a claim! However, if we … Read More
Property investment can be a lucrative business. In fact, its reputation as a great way to build wealth has given many people the impression that it’s an “easy” way to get rich quick, with minimal risk or cost to the … Read More