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| | » Commercial Office Prices in Salt LakeCommercial Office Prices in Salt LakeTopic: Rental property Please provide us with your opinion on this article: |
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LuisComplaint from ResortAc.com customer Diane Buxton now Whistler Dream Clean I have revieced various complaints ranging from the unit not being cleaned to guests not being able to access the unit.Despite giving them ample opportunity to change things around they do not seem up to the job. So now unfortunately I have no alternative other than to source another company.
RinoYou definitely need to niofty your insurance company. The property will no longer be owner occupied they can deny a claim. You will need to get a DP3/landlord policy. Your rates WILL NOT go down because the risk is higher. No one will take care of you home the way you do. Tenants increase the risk.Also, you would Never be liable for the personal property of a tenant (except if you were completely negligent). However, as a landlord I would require your tenants to carry a renters policy simply for the Liability portion of the policy. Liability is the coverage that protects you from you tenants or your negligence. Like, if you were at your property one day to do some yard work left the hose out on the sidewalk the postman trips over it. He would probably sue you. Liability covers that. I would suggest no less than $ 300,000 per occurance. It's usually pretty inexpensive (around $ 40.00 a year) to bump it up from $ 100,000.00 to $ 300,000.00.FYI: The insurance company probably would not deny the claim but after the claim was closed they would most definitely set you up for non-renewal. That looks very bad when shopping for a new company. One of the questions will be: Have you ever been non-renewed why?Hope this helps
NericeUnbelievable how well-written and informtaive this was.
CorneliaKnowledge wants to be free, just like these atrciels! Read all comments: 5 |
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