7 Tips to cut down your LandlordInsurance Premium
Owners of Rental homes, Apartments and condos can lower their Landlord insurance premiums by drafting down a “Building Structure Profile” for the insurance company. The Building Structure Profile is nothing but a presentation to the insurance company that the building is a low risk property for the insurance company to insure it.
There are different factors to be considered in determining the premiums for landlord insurance, including type of construction, replacement cost, number of units, claims history, housekeeping, occupancies and exposures. Insurance companies also check whether a building complies with current construction codes & all legal clearances.
There are some of the variables that influence landlord insurance premiums way outside the owner’s control, the following tips can help building owners negotiate the best rates for their insurance policies.
check here the seven tips http://realestateworldguide.blogspot.in/2016/05/7-tips-to-cut-down-your-landlord.html