My rent in Fort Lauderdale, family dwelling,
Before introducing a new tenant and renewing an insurance policy, insurance prices soared and I had to cut back on cover to get a lower price, what are the most basic covers you would recommend? I mean, what is MUST?
I have a dream - USA Real Estate Forum version: I am happy to join you today, in what will be recorded in the words of the times as the greatest demonstrations for freedom in the history of our nation. A year and a half ago, a great American (former Israeli), in whose shadow we live today, signed the sparrow's speech. This word is a beacon of light of hope for millions of dwarfs, economic slaves who were burned by a healing ulcer of...
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Hi Me again 🙂 A question for the experts in our audience if you have 100,000 how would you prefer to invest it? In one property in a place like Texas for example or 2 properties in Indiana? If you could also elaborate I would greatly appreciate it. For those in Israel, the beginning of a lovely day, and for those in the US, good night?
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Providing, South Florida insurance went up disproportionately, the old homes with insurance value below $ 300,000 went up 40-60%. They are usually buildings of 30 years or more.
It's hard to tell you what to cut and what to do. It's a personal matter. Third party insurance (liability) is not expensive. The fire is not expensive either. What costs you a lot is the hurricane. (Wind).
When you do DP3, make sure you don't limit yourself to $ 10,000 water or spend $ 10,000 completely.
There are options to play with it. You need to understand what is important to you. In my experience (22 years in the US insurance industry working with precipitation in 34 countries) does not make a generalization here, but usually for those who have a lot of homes, takes more risks, they are willing to higher independent participation, willing to give up coverage. They have several reasons - or they have a maintenance team that repairs cheaply, they speculate on the cost of all the assets and want to save, of course until the disaster happens and then it usually costs them more.
But for those who have one or two properties. Can't afford to save covers. And pays or takes a risk and cuts coverage.
You have to check every case in the system. In my opinion, you can save money and headaches with a replacement policy from DP3 to commercial policy.
Must structure and liability
You will ask for an offer with a higher deductible, so that the price will go down
Kim Ben-Shalom
I would not cut down on the cover, but decrease in yield