State Farm

The Umbrella Policy – Chapter 2

2021-08-31T21:52:41+00:00August 31st, 2021|Newsletter, State Farm|

An “Umbrella Policy” is an additional insurance policy that provides an extra layer of liability or lawsuit protection. In general, this is a policy that many people with higher incomes or higher net-worth should consider purchasing. And remember, people who own real estate income property would probably fall into one of these groups. Most ‘Personal [...]

Things You Need to Know When Investing in Condos…

2021-06-30T17:20:17+00:00June 30th, 2021|Newsletter, State Farm|

… or Townhomes, or Patio Homes with a Master Insurance Policy There are many great opportunities for investors when it comes to rental condominiums, but some investors don’t realize that condos can be a complicated minefield if you don’t understand what you’re doing. In this article, I am going to limit my discussion exclusively to [...]

Liability Insurance: How Much is Enough?

2021-03-01T22:02:27+00:00March 1st, 2021|Newsletter, State Farm|

The liability limits on the owner’s/landlord’s insurance policy are perhaps the most important part of the overall insurance package. This is where you do not want to just ‘check a box’ and say, “Liability Insurance – Yes I’ve Got That!” This is where everyone needs to look at the policy limit and decide if that [...]

The Umbrella Policy

2020-12-28T18:20:16+00:00December 28th, 2020|Newsletter, State Farm|

NOT IN-EXPENSIVE and NOT THE ‘MAGIC ANSWER’ Too many people think they know what an “Umbrella Policy” is and how it works. Unfortunately many people, including investors, property managers, and real estate agents, do not have a clear and correct understanding. What is an “Umbrella” policy? It is NOT one policy that combines several separate [...]

In Arizona Investors Always Insure for Rebuild Cost, Not Market Value

2020-10-31T02:47:06+00:00October 30th, 2020|Insurance, Newsletter, State Farm|

In Arizona, residential investors and home-owners always insure for the cost to-rebuild. The vast majority of residential homes are newer, and by insuring for cost to re-build, the owner knows that there is enough insurance coverage to replace the house with a new one if something really bad happens. The “Parable of the Twins”: Brad [...]