help me understand my insurance

[kfort]

Hello, I need a bit of help understanding my insurance options. I searched on here and found a few recommendations, HUB, another that i forget now but when i called them they said I had to be a REIN member (I am not yet), and Co-op were all highly recommended. I called Co-op and they tell me that I am not covered for any damages caused by the tenant, or loss of income if it is due to the tenant. I would need to sue them to get this covered. Basically I am covered if the building burns down due to something other than the tenant being negligent and that`s it. Is that normal? The first time I talked to them they made it seem that I would be covered for loss of income up to 24 months and did not tell me about any stipulations on that. I`m looking to cover myself as best as possible and I will make a call in to HUB tomorrow to check their coverage as well.

The manager at the branch I called mentioned about six times that `we are always hesitant in that area of town` as I have invested in an area historically thought of as rough that is currently the city`s priority for revitalization. Any advice is appreciated. Thanks.

Kris

also, I searched "insurance" "insurance coverage" and "insurance companies" and got basically what is normally the front page, did I do something wrong in searching?

 

[RandyDalton]

QUOTE (kfort @ Nov 23 2010, 10:15 PM) Hello, I need a bit of help understanding my insurance options. I searched on here and found a few recommendations, HUB, another that i forget now but when i called them they said I had to be a REIN member (I am not yet), and Co-op were all highly recommended. I called Co-op and they tell me that I am not covered for any damages caused by the tenant, or loss of income if it is due to the tenant. I would need to sue them to get this covered. Basically I am covered if the building burns down due to something other than the tenant being negligent and that`s it. Is that normal? The first time I talked to them they made it seem that I would be covered for loss of income up to 24 months and did not tell me about any stipulations on that. I`m looking to cover myself as best as possible and I will make a call in to HUB tomorrow to check their coverage as well.

The manager at the branch I called mentioned about six times that `we are always hesitant in that area of town` as I have invested in an area historically thought of as rough that is currently the city`s priority for revitalization. Any advice is appreciated. Thanks.

Kris

also, I searched "insurance" "insurance coverage" and "insurance companies" and got basically what is normally the front page, did I do something wrong in searching?


Hi Kris,

I used to use State Farm. Still do in some instances because they were cheaper than HUB. For the most part HUB is less expensive with better coverage. You might want to consider becoming a REIN member. This is just one of the many benefits.

Regards...Randy

 

[housingrental]

Try giving van allen insurance in Listowel a call

 

[meagles]

I may be a little late in replying to this (just signed up for the forum!), but I work at Hub International and can certaintly help you. Give me a call at 905-582-7077. My name is Melinda Eagles. I can discuss anything you need to know about the program. Also, we have two packages, one for REIN members and one for non REIN members. That being said, we can still assit even if you are not a member. I hope this helps.



Thanks!

 

[Alvaro Sanchez]

Hub was in the Ottawa area a few weeks ago, and I asked one of the reps if the rates would be different if I was a REIN member or not. The representative said no and suggested to review existing policy and provide feedback (free).