Landlord Insurance
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Landlord Insurance (by Tired [NH]) Sep 14, 2020 2:09 PM
       Landlord Insurance (by Landlord ofthe Flies [TX]) Sep 14, 2020 2:16 PM
       Landlord Insurance (by Barb [MO]) Sep 14, 2020 3:10 PM
       Landlord Insurance (by Johnny B. [MA]) Sep 15, 2020 4:39 AM
       Landlord Insurance (by Natasha [MD]) Sep 15, 2020 6:41 AM
       Landlord Insurance (by Jeffrey [VA]) Sep 15, 2020 7:07 AM

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Landlord Insurance (by Tired [NH]) Posted on: Sep 14, 2020 2:09 PM

I'm gonna be living outside the US for some time. Still have my props. I'll no longer have a primary home. I would no longer qualify for an Umbrella policy cuz i don't have any assett (cars, house, etc) in the US. What can I do to extend my insurance now that the umbrella is gon? Just up the amounts? I have 1 mil, liab & med expenses. Med expenses 5K.

Landlord Insurance (by Landlord ofthe Flies [TX]) Posted on: Sep 14, 2020 2:16 PM

On each rental's homeowner's policy, you can get additional liability specific to that home.

Wouldn't the props still make you eligible for an umbrella policy? I thought they just want all assets you're liable for under one insurer. Didn't know you needed car and home policy too.

Landlord Insurance (by Barb [MO]) Posted on: Sep 14, 2020 3:10 PM

Your best bet is to consult with your insurance agent. In my case, we own our property in an LLC, and the LLC has an umbrella that is separate from our personal umbrella.

Landlord Insurance (by Johnny B. [MA]) Posted on: Sep 15, 2020 4:39 AM

Get a business/commercial insurance policy. A commercial policy can have its own umbrella. This will consolidate all your rentals under one policy instead of a separate policy for each property. Do you have a great property manager? Sounds like a big potential headache as far as being out of the country.

Landlord Insurance (by Natasha [MD]) Posted on: Sep 15, 2020 6:41 AM

Tired, I am out of the country and manage our properties virtually. It is not hard but you have to have a system, good team players on the ground and an out of the box look on operations. Now, I also have a US based phone number/cell number where I am so that helps in managing too.

The above is correct. We have a commercial/business policy as mentioned with an umbrella policy. Just like Johnny said, it combines all the properties in one policy. Check with your commercial agent. --5.62.xx.xx

Landlord Insurance (by Jeffrey [VA]) Posted on: Sep 15, 2020 7:07 AM

Tired, you can contact a recommended company which offers property insurance and is a sponsor of this site. They can combine all your properties into one policy or perhaps just do some of them. They specialize in working with landlords and real estate investors who own rental property nationwide. In any case they can talk to you about the coverage options available to you. For info, call 1-800-950-2250 during business hours and ask for a free property insurance quote.

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