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What is the best insurance coverage for the second home condo use for seasoanl rental?

Mar 10, 2006 by imkateri | Posted in Insurance

Q: The condo has deluge insurance, but I was told to purchase the coveage, I guess liability inside my unit. What is the budget-priced and reasonable coverage?

A: You Paucity full liability insurance. The amount should be enough to protect your Assets. If some one hurts themeself at your rental property, there needs to be enough insurance, so that they do not make for a acquire after your assets. If you have a standard (150/300 or 300/500) on that property, you might be able to get an umbrella to area all of your coverages ( your primary as well) to a million or more. You also have to check with your insurer to make sure that the event that this property is rented does not invalidate it for the coverage you are purchasing

HELP!! Second home insurance problem. Primary is in Florida...second is in Idaho--where to go for insurance?

Apr 06, 2007 by araujojessica9 | Posted in Insurance

Q: I'm told by the circle who covers my primary here in Florida that I need someone in Idaho to issue this policy...and I'm told my the yourself in Idaho that I need to have someone here in Florida issue the policy....can someone PLEASE help me.
It was an Allstate intermediary in Idaho that told me she couldn't issue a policy for me.

A: Nope, Allstate isn't prevailing to write a secondary home without writing the primary insurance on it. State Farm won't, either, neither will Farmers or Nationwide. Steadfast, these companies are "national", but the STANDARD for writing a primary home, is to scribble the secondary home - as I'm sure you're finding out. And whoever writes whichever policy, needs to be licensed in that land.

I wrote to you seperately - but it's highly unlikely that a FL agent will have an IA license. AND, it's highly inconceivable that an IA agent will have a market willing to write a FL home.

SO. You're going to have to ask your real estate delegate - or friend, for a referral to an INDEPENDENT AGENT who can put that secondary home in a high risk furnish. It's automatically high risk, because it's a secondary home without the primary insured with the company.

There is a Slur CHANCE, that, depending on who your FL house is insured with, you can call that company, ask for an agent who represents them in IA, and BEG them to please erase your secondary as a special favor to you. THEN BRING THEM DONUTS EVERY TIME YOU'RE IN IA.

Besides that, you could also go to www.foremost.com, and get a strategy through them. It's going to be more expensive, but at least you can get it done.

Good luck!

insurance for second home?

Nov 28, 2006 by Rose E | Posted in Insurance

Q: i'm about to buy a acreage in bulgaria but would like to insure it with a good, reliable uk based company. any ideas?

A: DON'T DO IT!!!! insure it with a restricted agent, they are cheaper and they know the country and local laws that apply to Bulgarian insurance programme.. I made the mistake and when I was burgled I got nothing because the UK company had omitted specific clause that are mandatory in Bulgaria.

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The Importance of Second Home Insurance

by CEO

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Source: The Importance of Second Home Insurance