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.
You should work directly with an independent broker that specializes in insuring residential rental properties (apartments, single family rentals, duplexes, triplexes…etc.). Be sure that the broker represents multiple insurance companies that specifically want … Read More
Welcome to our “It’s Not Covered” series. We hope these quick reads help you increase your understanding of your insurance coverage, clear up confusion and avoid preventable losses!
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Understanding the difference between Flood, Water Damage and Sewer Back-Up is a common area of confusion for any real estate investor. Which covers what exposure? How can I purchase these coverages if they are excluded from my current policy?