The Importance of Insurance
In This Chapter
Insurance can be a complicated aspect of the rental property business to understand. On one hand, it’s something every landlord must have. No mortgage lender lends money to purchase a property without the property being insured. It’s so important that once you have insurance, some lenders require your insurance carrier to notify them if the insurance policy is adjusted or terminated.
On the other hand, insurance is something you hope you never to have to use because if you do, ...