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rent loss insurance

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iliana

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PostPosted: Thu Nov 15, 2007 1:37 pm    Post subject: rent loss insurance

where I can obtain rent loss insurance?
 
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Icon Mini Profile michelle
michelle
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Joined: 08 Oct 2007

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PostPosted: Thu Nov 15, 2007 1:57 pm    Post subject:

Iliana,

If you currently have insurance on your rental property, just contact your insurance agent. They should be able to add a policy rider to cover loss of rent (usually about 6 mos). Most lenders require this coverage if you have a mortgage on the property.
 
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Icon Mini Profile larry



Joined: 27 Jun 2007

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PostPosted: Fri Nov 16, 2007 3:02 am    Post subject:

Hi Iliana,

Welcome to this forum.

You should talk to your insurance agent and he can help you out to obtain rent loss insurance. If he cannot help you, look for another insurance agent.

Thanks,
Larry
 
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Icon Mini Profile jenkin7



Joined: 04 Jun 2007

Posts: 939



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PostPosted: Fri Nov 16, 2007 3:23 am    Post subject:

Hello Iliana,

It is important for you to get the rent loss insurance as most mortgage companies require you to have this policy and some are even making it mandatory, like Freddie Mac.

You will find the names of few insurance companies listed here at http://www.landlordassociation.org/insurance.html who offer rent loss insurance.

Hope this helps you.
 
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