Landlord Insurance Vancouver Wa

Landlord Insurance Vancouver Wa — Great Rates, Low Down Payments.

If you’re looking for Landlord Insurance in Vancouver Washington please contact the licensed agents of Duncan and Associates Insurance Brokers by dialing 1-800-228-8291 through the normal workweek until 5 PM PST.

We offer a full compliment of options including Insurance for Apartment Buildings in Washington State, coverage for Office Buildings, Condo Associations, Warehouses, Strip Malls, and single-family residential units.

If you find our website after hours or if it is more convenient simply use our online quote and information request system listed below based on your nearest geographical location:

Landlord Insurance Vancouver Wa — How Bob the Snob Felt He Got Robbed by His Insurance Company Part 2.

In our previous post we were introduced to Bob Robertson, Bob was raised in a wealthy family and educated at the best schools.

Bob’s has a particular nickname given to him by the house servants and contractors that worked at his parent’s estate — Bob the Snob.  Bob was an uppity, pompous arrogant individual who was very difficult to please or deal with.

Bob’s Grandfather, Jedediah, knowing his Grandson fairly well decided to leave him one luxury apartment complex as an inheritance after he died from a lengthy illness.

Bob doesn’t work and sponges off his parents — Anthony and Abigail.  Both parents, have encouraged their son to make a go at being a landlord on his own — they are secretly hoping Bob will learn valuable life lessons that may by chance soften his offensive personality — and get him out of their estate.

Prior to the luxury apartment complex being transferred into Bob’s name, his parents encouraged him to meet with their attorney, Frank Stone, to set up an LLC.

At the meeting Frank draws up the paperwork to establish the LLC and he also encouraged Bob to call his personal insurance agent to secure the commercial insurance that will be necessary on the building.

Frank’s agent, Ted Stone, is actually Frank’s nephew.  Bob met with Ted two days later to set up the insurance and this is how the conversation went.

“Bob”, Ted began, “based on the replacement cost analysis of your apartment complex considering the construction type of your building, the age, and the square footage, we are recommending that you purchase $4.5 million for the building itself + it looks like you will need some incidental coverage for business property.”

Ted continues, “Because the complex is far above average, we recommend the Special Coverage form to provide you the best coverage to protect such a beautify and well-kept property. Your policy also includes $1 million of liability and it would also be a good idea to consider an umbrella policy, a $5 million umbrella as a minimum….” 

“How much is this going to cost?” Bob questions Ted in mid-sentence a bit angrily.

In our first post we learned that Bob doesn’t really believe in the need for insurance that much, in our next post we will consider what happens next that sets the stage for Bob making a colossal insurance mistake.

Landlord Insurance Vancouver Wa — Don’t Buy the Minimum Coverage.

It’s really never a good idea to purchase the minimum coverage when you own investment real estate. Bob is about to learn this fact the hard way. As a real estate investor there is no need for you to follow in his footsteps.

Call the licensed agents of Duncan and Associates Insurance Brokers by dialing 1-800-228-8291 during normal business hours to speak with one of our agents.

If it’s after hours or it’s more convenient send us your request for information around-the-clock by clicking one of the hyperlinks listed below based on the nearest physical location to your property: