Brown's insurance specializes in insurance packages for real estate investments across a wide range of states. We recognize that real estate investment portfolios can take many forms and can include anywhere from one to hundreds of properties of varying types.
Rental property home insurance is designed for landlords who own one to one thousand (or more) rental dwellings. Properties are typically insured on a convenient schedule which can include some vacant dwellings, or some commercial rentals. In most cases, insurance for all rental dwellings are written under a single policy, with flexible installment options.
Vacant property insurance programs are designed for homes that are vacant for a short period of time. This can include houses for sale, under renovation, or estates in the process of being settled. A pro-rated refund is granted if the property is sold and the policy is cancelled.
Insurance programs for condominium investments are designed for those who purchase and rent condominium units for investment purposes.. Rentals can be weekly or long term and there is generally no limit on number of condo units that can be insured. In most cases, all individual condo properties are insured under a single policy, with flexible premium installment options.
House flipping, the purchase, repair and resale of homes or condo units for business purposes requires special insurance designed for that purpose. House flippers can get one policy insurance policy for all investment properties. If you buy or sell a property, it is simply endorsed onto or off of the policy, it is not necessary to obtain or cancel a separate insurance policy.
That depends, rules vary from state to state. It may be possible to combine all properties on one policy or separate insurance many need to be issued for each property category.
Rates for these types of policies are based primarily on the value of the house, as well as the age and location. We can write most properties as long as they are located at least 10 miles from the coast.
There is no limit on the age of the home, as long as the plumbing, heating, electric, and roof are updated within the last 25 years, or will be updated as part of the renovation in the case of house flippers.