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cidley69
03-28-2013, 09:59 AM
What companies do all you Beyond land tycoons use for your revenue properties?

Tell me if this is good deal, or if there is better out there:

House: 900 sq ft bungalow

Insured for:
Dwelling building: $216,000
Detached Garage: 10% of house, $21,600
Personal Property: $10,000
Additional Living/Fair rental Value: $40,000

Deductible: $1000

Annual Premium from TD MM (with professional discount): $773

Thumbs up or down? :dunno:
guessboi
03-28-2013, 11:10 AM
Most companies do not like stand alone rentals without insuring your primary home.

That is within range for a rental. Just go for it plus is tax deductible anyways...
cidley69
03-28-2013, 11:15 AM
My main insurer is RBC, but they do not do revenue properties.

I plan on having another 1 or 2 revenues to insure soon, so want to know if this is good deal, or if its worth the hassle to shop around a bit.
yellowsnow
03-28-2013, 10:15 PM
That's way too much for a revenue property. I think i pay under $200/yr for my rental, worth about $300k. I don't recall what coverage that is though. It's with TD MM, but i have everything insured through them.
I'm sure if you transfer your prim home insurance to TD, they can offer you a way better rate.
guessboi
03-28-2013, 10:49 PM
Originally posted by yellowsnow
That's way too much for a revenue property. I think i pay under $200/yr for my rental, worth about $300k. I don't recall what coverage that is though. It's with TD MM, but i have everything insured through them.
I'm sure if you transfer your prim home insurance to TD, they can offer you a way better rate.


$200/ yr for a rented house? You must be kidding me.
A rented condo...yes but not a house.
roopi
03-28-2013, 11:10 PM
I'm paying $38.00/month for a $400k house. Also with TD MM with a alumni discount.
Masked Bandit
03-29-2013, 01:01 PM
Originally posted by cidley69
What companies do all you Beyond land tycoons use for your revenue properties?

Tell me if this is good deal, or if there is better out there:

House: 900 sq ft bungalow

Insured for:
Dwelling building: $216,000
Detached Garage: 10% of house, $21,600
Personal Property: $10,000
Additional Living/Fair rental Value: $40,000

Deductible: $1000

Annual Premium from TD MM (with professional discount): $773

Thumbs up or down? :dunno:

Is that for fire & EC coverage or comprehensive? GRC, RC or ACV on the dwelling? What about sewer back up / water escape?