By Pierre Mouchette | Real Property Experts LLC
As a real estate investor, you should know the differences in insurance policies. Speak with contractors and other professionals to determine who they use and recommend speaking about this essential item. All insurance brokers do not offer the same products! Remember, you are in business to make a profit and not to spend the profit on mistakes.
Dwelling vs. Homeowners Insurance - generally, real estate investors should be covering their investment properties with dwelling policies and not homeowner’s policies. The difference between the two is:
Liability Insurance - provides protection and liquidity against people who claim to be injured because of something that occurred on your property or a property owned by a corporation or LLC controlled by you.