Insurance Question - Posted by Dave(PA)

Posted by Steven on March 02, 2000 at 21:22:59:

Get enough to cover the structure, 1 year appreciation factored in. In Georgia it costs 200 per year for 80k SFH (1000 deduct.), and 1100 per yr for 150k 4-plex (also 1000 deduct.) Multi-units are generally more depending on number of floors. High deductables (my uneducated opinion) are probably the way to go, since you’ll only pay it if entire structure is destroyed. Any other opinions here are welcome…

Insurance Question - Posted by Dave(PA)

Posted by Dave(PA) on March 02, 2000 at 17:46:06:

Hi all,

I would assume that those of you who have rental properties carry some kind of general liability policy. Is that true? If so, what amount do you usually carry?

Thanks

Dave

Re: Insurance Question - Posted by Bud Branstetter`

Posted by Bud Branstetter` on March 02, 2000 at 21:45:14:

State Farm in Texas has changed to 1% deductable and 300K liability for RDP’s. In addition I carry a million dollar liability each personally, corporate and IRA.

Re: Insurance Question - Posted by Bill

Posted by Bill on March 02, 2000 at 20:49:52:

You can get $500 deductible insurance that doesn’t protect personal items of tenants…general fire liability etc, fairly cheap. Chicago area for typical bdrm home will run about $230 per year.