Insurance and Information For Real Estate Investors http://www.insuranceforinvestors.com Fresh and Relevant Articles and Information for real Estate Investors and Professionals of All Types. Tue, 16 Aug 2011 20:39:40 +0000 http://backend.userland.com/rss092 en Named Insured vs. Additional Insured vs. Additional Interest vs. Loss Payee vs. Mortgagee – What’s the Difference?
  • Wrap-Around Mortgages & Claims – The Loss Payee Clause This article is intended to address the often-ignored issue of property claims and how payment is made by the insurance carrier as well as how it may (potentially) create BIG problems for the buyer and seller in a wraparound mortgage...
  • A Quick Explanation of ‘Insurable Interest’ An insurable interest exists when an insured party derives a financial or other kind of benefit from the continuous existence of the insured object. ...
  • How to Insure ‘Subject To’ Properties Without a Trust Prior to the late 1980’s, mortgages were written differently than they are today and investors and homeowner's purchasing new property commonly used the 'Subject To' method of assuming the seller's underlying loan as a main-stream and accepted purchasing method. However,...
    • ]]>     http://www.insuranceforinvestors.com/2011/08/named-insured-vs-additional-insured-vs-additional-interest-vs-loss-payee-vs-mortgagee/     The Problem of Residential Insurance in the Name of an LLC
  • Why Insurance Companies Don’t Promote Dwelling Policies As an investor, the most common type of insurance that you will purchase is known as a ‘dwelling’ policy. These policies are similar to a homeowner’s policy in many ways, but instead of a primary residence, they are used to...
  • The Importance of Title Insurance Almost everyone who has ever had any dealing with or around real estate has heard of title insurance at one time or another - but few people actually know and understand what it really is and why it is so...
  • The Sticker Shock of Short-Term Rental Insurance If you have read Part I of Insuring Vacation or Short-Term Rental Property, then you understand how short-term property differs from typical one-tenant rental units. First of all, insurance for short-term properties is ALWAYS (yes, 100% of the time) more...
    • ]]>     http://www.insuranceforinvestors.com/2011/08/the-problem-of-purchasing-insurance-in-the-name-of-an-llc/     How To Insure a ‘Wrap’ Without Notifying The Lender
  • How to Insure ‘Subject To’ Properties Without a Trust Prior to the late 1980’s, mortgages were written differently than they are today and investors and homeowner's purchasing new property commonly used the 'Subject To' method of assuming the seller's underlying loan as a main-stream and accepted purchasing method. However,...
  • Legal Title versus Equitable Title There is a distinct legal difference between 'Legal' Title and 'Equitable' Title with regards to real property. Both allow for an insurable-interest, but the rights and privileges of each are completely different....
  • Wrap-Around Mortgages: The Problem of Escrow One of the biggest hurdles regarding wraparound mortgages is that of hazard insurance. The documentation and transfer of property is the easy part, it's the property insurance itself that presents an obstacle. The reason for this is because of the...
    • ]]>     http://www.insuranceforinvestors.com/2011/07/how-to-insure-a-wrap-without-notifying-the-lender/     Wrap-Around Mortgages & Claims – The Loss Payee Clause
  • Named Insured vs. Additional Insured vs. Additional Interest vs. Loss Payee vs. Mortgagee – What’s the Difference? Words have meaning - especially when dealing with insurance contracts and policies and what you (and your agent) don't understand CAN AND WILL hurt you. The purpose of this article is to finally, in real-life language, explain the difference in...
  • Problems Insuring Seller-Financed ‘Wrap’ Mortgages With the current difficulty in obtaining new mortgage loans, especially for those buyers that may have experienced credit-challenges due to the economy, a common scenario that we are seeing more of is that of property owners with existing mortgages ‘seller-financing’...
  • Wrap-Around Mortgages: The Problem of Escrow One of the biggest hurdles regarding wraparound mortgages is that of hazard insurance. The documentation and transfer of property is the easy part, it's the property insurance itself that presents an obstacle. The reason for this is because of the...
    • ]]>     http://www.insuranceforinvestors.com/2011/06/wrap-around-mortgages-claims-the-loss-payee-clause/     Common (and BAD) Advice About Insuring Wrap-Mortgages
  • Problems Insuring Seller-Financed ‘Wrap’ Mortgages With the current difficulty in obtaining new mortgage loans, especially for those buyers that may have experienced credit-challenges due to the economy, a common scenario that we are seeing more of is that of property owners with existing mortgages ‘seller-financing’...
  • Wrap-Around Mortgages: The Problem of Escrow One of the biggest hurdles regarding wraparound mortgages is that of hazard insurance. The documentation and transfer of property is the easy part, it's the property insurance itself that presents an obstacle. The reason for this is because of the...
  • Wrap-Around Mortgages & Claims – The Loss Payee Clause This article is intended to address the often-ignored issue of property claims and how payment is made by the insurance carrier as well as how it may (potentially) create BIG problems for the buyer and seller in a wraparound mortgage...
    • ]]>     http://www.insuranceforinvestors.com/2011/06/bad-advice-when-insuring-wrap-mortgages/     Wrap-Around Mortgages: The Problem of Escrow
  • Common (and BAD) Advice About Insuring Wrap-Mortgages If you are needing insurance for a wraparound mortgage - you NEED to read this article. Too many people give inaccurate and bad advice about how to insure these properties and this misinformation can lead to insurance fraud, legal issues,...
  • Problems Insuring Seller-Financed ‘Wrap’ Mortgages With the current difficulty in obtaining new mortgage loans, especially for those buyers that may have experienced credit-challenges due to the economy, a common scenario that we are seeing more of is that of property owners with existing mortgages ‘seller-financing’...
  • Wrap-Around Mortgages & Claims – The Loss Payee Clause This article is intended to address the often-ignored issue of property claims and how payment is made by the insurance carrier as well as how it may (potentially) create BIG problems for the buyer and seller in a wraparound mortgage...
    • ]]>     http://www.insuranceforinvestors.com/2011/06/insuring-wrap-around-mortgages-the-problem-of-escrow/     Legal Title versus Equitable Title
  • The Importance of Title Insurance Almost everyone who has ever had any dealing with or around real estate has heard of title insurance at one time or another - but few people actually know and understand what it really is and why it is so...
  • Don’t Fear The Due-On-Sale Clause Everyone involved in a wraparound mortgage is normally terrified of somehow notifying the underlying lender and triggering the ‘acceleration clause’ (referred to as the ‘due on sale’ clause) found in the underlying mortgage contract. In every case that I have...
  • How To Insure a ‘Wrap’ Without Notifying The Lender Unfortunately, issuing an insurance policy in the name of the new owner for a property that has been purchased with a wraparound mortgage is normally the biggest obstacle which presents the highest possibly of making the underlying mortgagee aware of...
    • ]]>     http://www.insuranceforinvestors.com/2011/06/legal-title-versus-equitable-title/     A Quick Explanation of ‘Insurable Interest’
  • Named Insured vs. Additional Insured vs. Additional Interest vs. Loss Payee vs. Mortgagee – What’s the Difference? Words have meaning - especially when dealing with insurance contracts and policies and what you (and your agent) don't understand CAN AND WILL hurt you. The purpose of this article is to finally, in real-life language, explain the difference in...
  • Why Loan Modifications Often Fail If you are a homeowner who has ever tried to obtain an often-touted 'loan modification' in order to stay in your home, or if you are an investor who specializes in working with homeowners to obtain these modifications, you already...
  • Wrap-Around Mortgages & Claims – The Loss Payee Clause This article is intended to address the often-ignored issue of property claims and how payment is made by the insurance carrier as well as how it may (potentially) create BIG problems for the buyer and seller in a wraparound mortgage...
    • ]]>     http://www.insuranceforinvestors.com/2011/06/a-quick-explanation-of-insurable-interest/     Don’t Fear The Due-On-Sale Clause
  • Wrap-Around Mortgages & Claims – The Loss Payee Clause This article is intended to address the often-ignored issue of property claims and how payment is made by the insurance carrier as well as how it may (potentially) create BIG problems for the buyer and seller in a wraparound mortgage...
  • How To Insure a ‘Wrap’ Without Notifying The Lender Unfortunately, issuing an insurance policy in the name of the new owner for a property that has been purchased with a wraparound mortgage is normally the biggest obstacle which presents the highest possibly of making the underlying mortgagee aware of...
  • Wrap-Around Mortgages: The Problem of Escrow One of the biggest hurdles regarding wraparound mortgages is that of hazard insurance. The documentation and transfer of property is the easy part, it's the property insurance itself that presents an obstacle. The reason for this is because of the...
    • ]]>     http://www.insuranceforinvestors.com/2011/06/don%e2%80%99t-fear-the-due-on-sale-clause/     Why Insurance Companies Don’t Promote Dwelling Policies
  • Dwelling Policies versus Builder’s Risk Insurance Not all houses are created equal - and neither are insurance policies. If you are an investor and you have ever purchased a rehab property using only ‘builder’s risk’ insurance – you’d better continue reading. Few people, including investors and...
  • Dwelling Policies Dwelling policies, sometimes referred to as “landlord insurance” or “DP’s”, are similar to homeowner’s policies except for that fact that they have reduced coverages and are usually used to insure non-owner occupied homes and rental properties.  Dwelling policies are very...
  • An Overview Of The Various Types of Insurance Policies For Investors If you are an investor and you have ever purchased a rehab property using only ‘builder’s risk’ insurance – you’d better continue reading. Few people, including investors and full-time real estate professionals, have any real understanding of what property insurance...
    • ]]>     http://www.insuranceforinvestors.com/2011/06/why-insurance-companies-dont-promote-dwelling-policies/