FlipShield – The Liability Coverage Every Flipper Should Have
Flipping is a popular real estate investment strategy that involves buying, rehabbing, and either selling the home for a profit or renting it to tenants. While some investors prefer to hire a general contractor for [...]
Ordinance or Law Coverage for Investment Properties
It is common for state, city, and local municipality building codes and requirements to change over time. As you may know, existing buildings that do not meet new codes are typically “grandfathered” from needing to [...]
Is Tenant Damage Covered Under Your Insurance Policy?
Many assume that ANY kind of damage done by a tenant will be covered. This is simply not the case. Though coverages vary, certain types of damage done by tenants are excluded in standard property [...]
Choosing the Best Settlement Method: Replacement Cost vs Actual Cash Value
When it comes to settlement methods, you have two options to choose from: Replacement Cost, or RC, and Actual Cash Value, also referred to as ACV. These two options determine how your claims payout is [...]
Basic, Broad, or Special- Which Insurance Coverage Form is Right for Me?
If you’ve shopped for property insurance before, you may have noticed that some policies list Covered Losses as Basic, while others specify Broad or Special. The differences between these three property insurance coverages are significant. It [...]
Micro Flipping: What is it & What Type(s) of Insurance Does it Require?
If you closely follow real estate investment trends, you may have heard the term “micro flipping" thrown around recently. While some large companies like iBuyers, Zillow, Redfin, and Opendoor have been utilizing this strategy for [...]