Yes, renters insurance is unselfish

Let’s face it if you are in insurance renters insurance is a “throw away” kind of policy.  Doesn’t cost much therefore many agents do not like to spend time on it.  Some of us happen to love it.  Because it is so inexpensive it should become more like a “Well it is so inexpensive why wouldn’t you…”  And that is almost exactly right.  It is also a really great thing to do for you and your landlord.

Why you insure at replacement cost not purchase price

So many people like to buy investment properties some even expand and develop a full portfolio.  One thing they have in common is not paying full price.  Now the investor buys this property to see two things occur; The property appreciate and the monthly cash flow it should bring.

So many times when you are not buying a traditional home insurance policy you have a little more flexibility with the replacement value of the home.  One key to remember is you need to rebuild a structure that you can rent for the same money you were receiving before it was damaged/destroyed.  You do not need to build the same exact home remember this is a money making venture.  Let’s rebuild a structure that can earn money.