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2 Things Every Investor Should Know About Landlord Insurance

2 Things Every Investor Should Know About Landlord Insurance

Ready to start investing in real estate? Don't make the rookie mistake of assuming that your homeowners' insurance will cover accidents, disasters, or damage once your owner-occupied home becomes an investment home. Homeowners' insurance policies typically only cover owner-occupied homes. If you start renting out to someone else, that coverage generally no longer applies.  And if your renters have insurance, their coverage is designed to protect their belongings inside the home, not the physical dwelling itself. This ...
November 26, 2019By InterWest Insurance Rental Property Insurance, Vacation Rental Property Insurance Vacation Rental Insurance, Investment Property Insurance, Landlord Insurance 0 Comment Read More »
5 Best Places to Invest in a Vacation Rental Property in the West

5 Best Places to Invest in a Vacation Rental Property in the West

Considering investing in a vacation rental property in the West? You know what they say: location, location, location. Luckily, you don’t have to guess when it comes to investing in your first - or your next - investment rental property. AirDNA has gathered the data and analyzed it for you. AirDNA tracks the performance of over 10 million rental listings across 80,000 global markets, determining the best places to buy a rental property based on: Rental demand ...
September 27, 2019By InterWest Insurance Vacation Rental Property Insurance Investment Property, Rental Property 0 Comment Read More »
7 Tips to Make Your Vacation Rental Property More Profitable

7 Tips to Make Your Vacation Rental Property More Profitable

It’s a good time to be a vacation rental owner. More and more travelers are expressing a preference for rental homes rather than a traditional hotel during their travels. And you’ve never had more choices when it comes to listing sites to get your property in front of searching guests. More popularity also means more competition, however. If you’ve been wondering how to stand apart from the competition and earn more profits than ever from ...
July 12, 2019By InterWest Insurance Vacation Rental Property Insurance 0 Comment Read More »
Insuring Your Second Home

Insuring Your Second Home

There’s a lot to consider when deciding to purchase a second home. Do you want it to be close to the ocean or in the mountains? Do you want to use it exclusively as a family vacation home or rent it out for extra income? Regardless of where you decide to buy and how you choose to use your second home, you’ll want to be sure that it is protected. With the right policies in place, you ...
March 4, 2019By InterWest Insurance Vacation Rental Property Insurance 0 Comment Read More »
What Insurance Do You Need for Your Vacation Rental Property?

What Insurance Do You Need for Your Vacation Rental Property?

The purchase of investment rental vacation properties is on the upswing. Over two-thirds of second home owners rent out their properties for a portion of each year to help cover the costs for their vacation home. Because most vacation rental properties are located in places with higher exposure to risks – such as wildfires, flooding, hurricanes, theft, and vandalism – investors are in need of insurance that will help cover the costs. Additionally, renting out a vacation ...
February 5, 2019By InterWest Insurance Vacation Rental Property Insurance 0 Comment Read More »
7 Things to Know Before Investing in a Vacation Rental

7 Things to Know Before Investing in a Vacation Rental

You’re planning on investing in a vacation rental but don’t know where to start. Embarking on a new business venture can be daunting, but knowing these 7 things before investing in a vacation rental property can help you on the road to success. 1. Be Prepared to Pay a Higher Mortgage When you apply for an investment property mortgage, expect to face higher interest rates than you see when you buy a home you plan to occupy. ...
January 21, 2019By InterWest Insurance Vacation Rental Property Insurance 0 Comment Read More »