Students begin heading for college this week and classes will start in the next week or two. Along with the clothing, furniture, decorative items, and supplies they’ll be taking, there will also be smart phones, tablets, laptops, mini fridges, microwaves, coffee pots, game consoles, and a host of items to outfit the new dorm room or apartment.
Last week we introduced the three types of rental property insurance policies; fire, Dwelling Policy Form 1, and Dwelling Policy Form 3 (see http://50.87.248.161/~wiseinsu/3-types-rental-property-insurance-policies/). I’d like to build on that in this week’s post with a look at the coverage that should be on a Form 3 Dwelling Policy in order to provide the best coverage for the property owner.
I have a number of clients across Dallas / Fort Worth who own rental property. Some are first time landlords while others own multiple rental properties and have done so for many years. It’s exciting for me to be a part of helping someone reach their financial dreams by protecting an asset that should grow in value over time. When working with a person buying their first rental property, I begin that discussion with a brief overview of the three types of rental property insurance policies.
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