From college students to professionals or families who rent long-term or are just staring out with their first apartment, rental insurance is an important option to consider for your safety and financial security from the moment that you sign your lease. All too often, rental insurance gets a bad reputation for being expensive and “a waste of money”, but, as often occurs with insurance, you only need to require its services once and you can often see its worth quickly. Let’s not forget that we don’t buy insurance because we want to use it; for example car insurance in case of an accident, life insurance for our family when we pass, rental insurance in case our apartment burns down… you get the idea. [Read more…]
I’m pretty confident that if you asked anyone who has ever owned a rental property you would get an overwhelming response that it’s not as lucrative or easy as they thought it would be. In fact, owning a rental property can be a major pain, and end up costing you a ton of money!
I certainly don’t mean to be a “Debbie Downer”, and I know that if it’s done right it can be lucrative, but from an insurance agent’s perspective, I don’t see a lot of people doing it right.
So you’re probably thinking, “Well Chris, you are an insurance agent. What do you know about real estate or rental properties? Why should I take advice from you?” [Read more…]