Quote:
Originally posted by greeklawgirl
I don't know the ins and outs of insuring property when renting to students, but I do know that my husband and I had to jump through extra hoops when we bought our income property because it wasn't owner occupied.
|
That was the way this one started, and escalated from there.
By the way, we resolved the situation this morning. I found an agent and company who would write a policy for a reasonable price.
Of course, what made this more difficult was doing it long distance since my agent here in Colorado isn't licensed in Ohio.
For a while it looked like it was going to cost nearly a thousand dollars a year to insure that little studio apartment.
On the other topic, we moved into a duplex in a gated golf course community about a year ago, and had to change insurance companies because our old one won't write policies on "multi-family" dwellings. We had been with this company for years with no claims. They not only lost our home owners policies, but also all of our cars and some term life.