Landlord gets sued for a dog bite. For dog bite lessons please see “Why you should require your tenants to purchase renters insurance.” Landlord gets ticked at the lawsuit and the prospect of his insurance rates go up, squeezing his cash flow. Consequently, landlords decides to do a little investigative work. Simply because he believes […]
If you turn the TV on for 2 seconds you will hear all about you can bundle and save on insurance, and that is a great way to save. For investors this can also be true. Imagine having multiple investment properties on one insurance policy, with one renewal date, one payment. We have several options that […]
AUTO INSURANCE MEDICAL PAYMENTS Medical payments is a simple coverage that is often over looked. Medical payments pays for the reasonable medical expense and funeral services of any “insured” while they are occupying a vehicle, as a pedestrian OR any other person while occupying your insured vehicle. It is often overlooked as many people say they […]
As you build your investment team, everyone knows about getting a lender, a real estate agent, a property manager, etc. But far too many people forget about adding an insurance broker to their team. Yet getting the right insurance broker on your team is important, the loan officer will require an insurance policy, and there […]
According to the most recent statistics provided by the Insurance Information Institute (2012), 11% of driver’s are uninsured in Arizona. That means that just over 1 in 10 drivers don’t have insurance, at all. Nationally that number is closer to about 12%. There are a lot of uninsured motorists! There are probably many more that are under-insured, but […]
THE MUST-HAVE CONVERSATIONS WITH YOUR INSURANCE AGENT! RENTAL PROPERTY INSURANCE – PROPETY COVERAGE Proper Investment Valuation: __________ The Coverage Form – DP3- What’s Covered: __________ Loss Settlement Option for Home: __________ Deductible: __________ Water Backup of Sewer or Drains Coverage: __________ Earthquake: __________ Flood: __________ Building Code Upgrade Coverage (Ordinance and Law): __________ OTHER STRUCTURES […]
Insurance is complicated but understandable if broken down into small portions. That’s what we try to do. It’s rental home insurance coverage simplified, really! RENTAL HOME INSURANCE COVERAGE SIMPLIFIED… REALLY Let’s be real about the insurance purchasing process for investors. You know you need it or more likely your lender requires it, so you buy it. You […]
For Mobile Home Insurance, Gila Insurance Group LLC has partnered with American Modern Insurance Group and Foremost Insurance. We know it can be a headache searching for quality mobile home insurance at an affordable price, so we try to provide great options in one place. When it comes to our partners there are several things […]
Personal Property Insurance is important, but often overlooked. What’s included in personal property? It’s what you put in the moving truck, or what would fall out of the home if you could pick it up and turn it upside down. Your clothes, furniture, electronics, toys, some appliances, and all the stuff in your garage. So […]
Somewhere along the way people started asking for “full coverage.” Usually this coverage refers to what an auto insurance policy refers to as collision and other than collision (comprehensive). These are pretty straight forward so we will take a look at these coverage options together. Collision is defined as impact with another vehicle or object. Pretty straight forward, […]