I had a vacant rental house have the copper plumbing stolen out of it this weekend. I don't have the estimates back from my handyman yet, but I will have to ultimately make the decision to file a claim or write the check myself.
My main concern it what it will do to my rates or even ability to keep insurance. This property is actually in my name (not the LLC because I was considering a refi) so could a claim impact my primary residency insurance premium also? I do have the same insurance company for my rentals and primary home.
I may be making a bigger issue out of this than it actually is, but I've just always heard it isn't a good idea to file a homeowners claim. Anyone willing to share their experience with filing a theft/vandalism claim on a rental property?
My main concern it what it will do to my rates or even ability to keep insurance. This property is actually in my name (not the LLC because I was considering a refi) so could a claim impact my primary residency insurance premium also? I do have the same insurance company for my rentals and primary home.
I may be making a bigger issue out of this than it actually is, but I've just always heard it isn't a good idea to file a homeowners claim. Anyone willing to share their experience with filing a theft/vandalism claim on a rental property?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
