Flood Insurance is NOT included on all homeowners insurance policies. At 618 Insurance Agency we get this question from customers who are purchasing a home, “Why do I have to buy a separate insurance policy for flooding?”. With Flood Insurance there are not a lot of different policies, and we have supplemental coverage to make a robust policy for your home.
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 Ryan, you are an insurance advisor. What do you know about real estate or rental properties? Why should I take advice from you?”
I was recently asked this question by one of our 618 Insurance Agency clients, and thought I would share the answer here for our readers.
Why do my auto insurance rates keep going up even though my car is getting older? At 618 Insurance Agency, many of our clients ask this question so I would like to address it from a couple of angles.