Answers for Arizona investors
Answers for Arizona real estate investors.
Straight answers to the questions investors ask about insuring rentals, flips, and short term rentals, in plain English.
Answers
- Landlord policy vs homeowners policyA homeowners policy insures a home you live in; a landlord policy insures one you rent out.
- Replacement cost vs actual cash valueReplacement cost pays to rebuild with new materials; actual cash value subtracts depreciation.
- DP-1, DP-2, and DP-3 comparedA DP-1 is the most basic, a DP-2 is broader, and a DP-3 is usually the broadest of the three.
- Should my rental be insured in my LLC's name?Usually, yes: the named insured should match the owner on title.
- Insurance for a house flip, from purchase to saleBuilder's risk or vacant coverage during the rehab, general liability, and contractor certificates, then a landlord policy if you keep it.
- Proof of insurance at closingUsually a binder or declarations page with the right named insured, coverage by closing, and the lender listed as mortgagee.
Coverage guides
- Landlord insurance, MesaWhat a landlord policy covers, and four things Mesa landlords miss.
- Vacant property, PhoenixWhy vacancy changes your coverage, and how to avoid a gap between policies.
- Builder's risk, ArizonaWhat builder's risk covers, how the limit is set, and how to move from rehab to rental.
- Short term rental, ScottsdaleWhat a short term rental policy can include, and Scottsdale's license rule.
- Rental property, GilbertHOA communities, pools and casitas, and Gilbert's short term rental license.
- Landlord insurance, ChandlerLong term, furnished, and short term rentals, and what Chandler requires.
- Rental property, TempeRenting by the room or to students, liability with several tenants, and Tempe's license.
Glossary
- Investor Insurance GlossaryInsurance terms every investor runs into, each defined in one sentence.
General information. Every policy is different, so the declarations page and the policy itself are what count. Everhold Insurance is a licensed insurance agency in the State of Arizona. License # 3004512575.
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