Insurance Guide

Condo and Homeowner Association (COA/HOA) Insurance Basics

Insurance Guides

capital gains tax

How to Avoid Capital Gains Tax on Rental Property in 2023

If you’re investing in rental property, make sure you know what to expect and how to avoid capital gains on an investment property.

Jason Marino is an attorney who specialize in helping real estate investors protect their assets and create time and financial freedom.

Q&A with Jason Marino: When and why should a real estate investor consider an LLC?

When and why should a real estate investor consider an LLC?

landlord increasing rent

Raising the Rent: How Much and How Often, What Rules Apply?

Can landlords raise rent as much as they want? Not usually. In addition to rent control laws, landlords must also consider the terms of the lease.

rental income insurance coverage

Will Your Landlord Insurance Policy Cover Loss of Rental Income?

Loss of rental income coverage is an important type of business income coverage for landlords, but it does not provide coverage in all situations.

Knob and tube wiring insurance

Can you get property insurance if you have knob and tube wiring?

Knob and tube wiring is an outdated and potentially unsafe electrical system, leading to high policy premium rates and often refusals to any property with K&T wiring

honeycomb insurance quote estimate

Honeycomb’s Quote Process: Step-By-Step Tutorial

Getting an insurance quote for your rental property or HOA/COA is easy with Honeycomb

umbrella insurance landlords

Do Landlords Need Umbrella Insurance on Top of Their Regular Policy?

An umbrella insurance policy can provide additional coverage for major liability losses.

landlord insurance vs homeowners insurance

Landlord Insurance vs. Homeowners Insurance: 6 Reasons to Get Commercial Coverage

If you’re relying on homeowners insurance to cover your rental property, you’re paying for coverage you don’t need and going without coverage you do need

Jason Bott: Premiums will keep rising 10%-15% through 2023

Honeycomb’s Laura Moseley sat down with Bott to talk about market trends for 2023, the impact out-of-state investors have had in the mid-west, and what he thinks insuretech will do to the industry.

Additional Insured: What Does It Mean for Your Landlord Insurance or HOA/COA Policy?

Additional insured status extends coverage to someone other than the named insured and can be useful in HOA and landlord insurance situations.

HO3 vs DP3 vs Commercial Insurance Policies

HO3 vs DP3 vs Commercial Policies: Which is Best for Landlords?

There are key differences between DP3 versus commercial policies. Landlords need the right insurance coverage to protect their investment and their income.

Employee Benefits Liability Coverage

Does Your HOA or COA Need Employee Benefits Liability Coverage?

Make sure you understand the different types of employee liability insurance and know the limits of employee benefits liability coverage.

normal wear and tear

What Is Considered Normal Wear and Tear? A Landlord’s Guide

Normal wear and tear in a rental refers to the expected amount of deterioration of a rental unit due to a tenant’s everyday use

actual cash value vs replacement cost

Actual Cash Value vs Replacement Cost: What It Means for Your Insurance Payout

Choosing between the two main property valuation methods – actual cash value vs replacement cost – can make a big difference if you ever have to file a claim

how to read your landlord insurance policy

How to Read and Understand Your Landlord Insurance Policy

Knowing how to read your landlord insurance policy can help you verify that you have the coverage you need to protect your property and income.

underinsurance investment property

Is Your Rental Property Investment Underinsured? Here's How You Can Tell

If you don't have the right insurance coverage for your rental property, you may face serious problems if you need to make a claim

buying a house with a tenant

Buying a Rental Property With Existing Tenants - A Good or a Bad Idea?

Buying a rental property with tenants is a unique situation that comes along with its own set of pros and cons, so make sure you know what they are.

Insurance Rates Going Up

Why Have Insurance Rates Gone up So Drastically in Recent Years?

Why are insurance premiums going up? Inflation, claims, and other factors are leading to higher insurance costs, but there are ways to keep the costs down

10 Tips to Control Landlord Insurance Costs

10 Tips for Keeping Your Rental Property Investment Insurance Costs Down

Don’t overpay for insurance. Keep your landlord insurance costs down by preventing claims and selecting the right coverage terms.

Winter Property Management Tips for Landlords

Winter Is Coming: Make Sure Your Rental Property Is Ready for the Cold Season

Cold weather brings a new set of challenges for landlords. Make sure you follow best practices to prepare your rental unit for the winter

Can Landlords Require Renters Insurance

Is Renters’ Insurance a Legal Requirement, or Can a Landlord Demand That a Tenant Gets It?

As a landlord, it’s important to know whether renters’ insurance is mandatory and why you may or may not want to require it yourself.

certified terrorism

Certified Terrorism Insurance Coverage

Landlords, HOAs, and other businesses have access to terrorism insurance coverage under TRIA. This can cover property damage and certain other losses.

website to list rentals

The Best Websites To List Your Long-Term Rental Units

The best way to get your property in front of lots of eyes and find new tenants is to list it on one or more of the many rental platforms out there. 

Hired and Non-Owned Auto Coverage

What Is Hired and Non-Owned Auto Coverage?

Hired & non-owned auto insurance provides coverage for the rented or personal vehicles you use for business. It may be important for your HOA.

landlord tax deductions

What Kinds of Tax Deductions for Landlords Are There?

Make sure you know all the rental property tax deductions you’re eligible for as a landlord to maximize your income.

Changing the Locks on Your Rental Unit

Changing the Locks on Your Rental Unit: When and Why You Should Do It

When should landlords change locks for new tenants and when shouldn’t they? The answer isn’t always so simple

Landlord-friendly States

Landlord-friendly States: What Are the Best States To Be a Landlord in 2022?

The best states to be a landlord are those that meet certain requirements which make them landlord friendly— make sure you know what they are!

tenant damage

Does Landlord Insurance Cover Tenant Damage?

Tenant damage can be costly to repair. The cause and nature of the damage will determine whether tenant damage insurance provides coverage.

Landlord-Tenant Laws in Georgia

Landlord-Tenant Laws in Georgia

If you own or manage a rental property in Georgia, you need to know about the landlord-tenant laws in Georgia.

The Most Common COA and HOA Issues

The Most Common COA and HOA Issues - And How to Deal With Them

HOA and COA complaints can arise from a variety of situations, so it’s important for HOA boards to know how to deal with them

Landlord Insurance in Texas: Securing the Coverage You Need

Landlord insurance in Texas provides valuable protection against natural disasters, property damage and third-party liability.

How Much Rent Should You Charge?

How Much Rent Should You Charge?

Determining what to charge in rent can be tricky. You want to run a profitable, but you also want to give tenants a fair deal that they can comfortably afford.

Equipment Breakdown Coverage

Equipment Breakdown Coverage in Landlord Insurance / HOA Insurance

As an add-on to your property insurance, equipment breakdown coverage covers unexpected equipment failures and is important for landlords and HOAs

California Landlord Insurance

California Landlord Insurance: Your Guide to Coverage

Landlords in California face specific natural disaster risks and legal requirements. Protect your rental property with landlord insurance tailored for California

The BRRRR method

The BRRRR Method: What Is It and What's the Best Strategy?

The BRRRR strategy can be a lucrative way to make passive income by investing in multiple rental properties.

The Landlord's Checklist for Tenants Who Are Moving Out

The Landlord's Checklist for Tenants Who Are Moving Out

Tenant moving out? Here's a free, printable tenant move-out checklist saves you time and streamlines so you can get your rental unit filled again immediately

Firearms in Rental Property

Firearms in Rental Property: Can Landlords Prevent You From Having a Weapon?

State laws vary regarding whether apartments can ban guns, so make sure you know what your local laws say about firearms in rental properties.

Damage to Premises Rented to You

Damage to Premises Rented to You

"Damage to premises rented to you” is not a separate insurance policy. Rather, it is a type of coverage typically found in general liability insurance policies.

deductibles landlord insurance

Landlord Insurance 101: Deductibles

Landlord insurance deductibles can make a significant difference in the cost of your insurance. Here’s why you may want a high deductible.

business income insurance coverage

Business Income Insurance Coverage for Landlords: How Does It Work?

What is business income insurance for landlords? It covers loss of income resulting from damage to physical property – protecting your rental income.

pet policy rental agreement

Pet Policy in Rental Agreements: Can Landlords Ban Support Animals?

Are you allowed to ban pets or regulate what kind of pets your tenants can have? Does this apply to emotional support animals as well?

insurance water damage coverage

Landlord Insurance 101: Water Damage Coverage

Landlord insurance typically provides limited water damage coverage. However, some loss types, including flooding, are commonly excluded

Tips for first time landlords

9 Essential Tips for First-Time Landlords

Before renting to tenants, make sure you study these must-know landlord tips that others in the rental business wish they had known before starting.

HOA budget best practices

HOA Budget: Best Practices To Keep Your Budget Balanced

Setting a new HOA budget is something you have to do annually. Using some HOA budget best practices will help keep your budget balanced every year

LLC for Rental Property

Pros and Cons of Setting up an LLC for a Rental Property

If you own a rental property, you need to know the benefits and disadvantages of setting up an LLC for rental properties.

windstorm insurance

Wind and Hail Coverage: Why Landlords Need Windstorm Insurance

Wind and hail insurance provides important protection. For homeowners and landlords, roof replacement is one of the largest property expenses you can incur.

Landlord-Tenant Laws in Michigan

Landlord-Tenant Laws in Michigan

If you own rental property in Michigan, you need to know about the landlord-tenant laws in Michigan, including eviction rules and lease requirements.

Landlord-Tenant Laws in Wisconsin

Landlord-Tenant Laws in Wisconsin

If you own rental properties in Wisconsin, you need to know the landlord-tenant laws in Wisconsin, including eviction rules, lease requirements and more.

Maintenance Checklist for Landlords

Maintenance Checklist for Landlords

Maintaining your rental property can be expensive and time-consuming, but failing to maintain it is even worse and can expose you to liability lawsuits

What Is A Coinsurance Clause

Landlord Insurance 101: What Is A Coinsurance Clause?

The coinsurance clause is a common feature in many landlord insurance policies, and it can lead to costly penalties when you file a claim

home replacement cost calculator

Calculating Home Replacement Costs: A Landlords Guide

Your home or rental property’s replacement cost is not the same its market value. Learn how to determine the replacement cost of your home or multi-family complex.

Does a Landlord Have To Tell You if Someone Died on Their Property

Does a Landlord Have To Tell You if Someone Died on Their Property?

Laws regarding disclosing death in rental property vary from state to state. Make sure you know what your obligations as a landlord are.

cash for keys

Cash for Keys: What Landlords Need To Know

Entering into a cash for keys agreement can get delinquent tenants out of your property fast and save you money in the long run.

lead based paint disclosure

Lead Based Paint Disclosure - What Every Landlord Should Know

When do you need a lead based paint disclosure? Lead paint is a common hazard in older builders, and landlords need to know their duties under the law.

Best Apps for Landlords To Collect Rent

9 of the Best Apps for Landlords To Collect Rent

Using an online rent collection app allows you to receive rent in half the time or less compared to traditional rent payment methods

Ordinance or Law: ABC Coverage

Ordinance or Law: ABC Coverage

Ordinance or law is a type of coverage that protects you when you need to rebuild your property according to updated building codes, ordinances and laws

Illinois Landlord-Tenant Law

Illinois Landlord-Tenant Law

State tenant laws for landlords in Illinois often favor landlords but provide fair rights, duties, and regulation for both tenants and landlords

Arizona Landlord-Tenant Law

Arizona Landlord-Tenant Law

Arizona is generally viewed as a state that favors landlords. Arizona has the lowest property tax rate in the country and flexible eviction laws.

How to Evict Tenants: A Landlord’s Guide

The Eviction Process: What's the Best Way to Handle It?

Evictions can be difficult for both tenants and landlords. To avoid legal complications and disputes, landlords must strictly adhere to the eviction process

California Landlord-Tenant Law

California Landlord-Tenant Law

Californian landlord-tenant laws and regulations tend to be tenant-friendly, but still provide good opportunities to resolve matters fairly for all sides

Texas landlord-tenant law

Texas Landlord-Tenant Law

Texas, in most cases, is generally landlord-friendly. TX landlord-tenant laws are straightforward though may be slightly different for each county.

Residential Lease Agreement: What to Include and Template

The Landlord-Tenant Residential Lease Agreement

Residential lease agreements are essential for starting the landlord and tenant relationship on the right foot.

State Tenant Laws For Landlords | Pennsylvania

Pennsylvania Landlord-Tenant Law

PA landlord-tenant laws tend to be landlord lenient, even friendly. From limits on late fees to entry notices, landlords do not have stringent rules

State Tenant Laws For Landlords | Ohio

Ohio Landlord-Tenant Law

In OH, landlords need to adhere to federal, state, city laws and their own property rules when leasing to tenants

Landlord Notice of Nonrenewal

Landlord Notice of Nonrenewal

Terminating a Rental Lease? Here’s what landlords need to know to avoid potential tenancy problems, along with a sample termination of rental lease letter.

Hoa Meeting Protocol:  Successful Meeting Tips + Free Template

Hoa Meeting Protocol: Successful Meeting Tips + Free Template

Need an HOA meeting protocol template? Here’s a sample you can customize along with key considerations to make your HOA meetings more successful.

How HOAs Can Deter Squatters

How HOAs Can Deter Squatters

Squatters can cause problems for HOAs. Here’s what HOAs can do to deter squatters.

Squatters’ Rights: What Landlords Need to Know

Squatters’ Rights: What Landlords Need to Know

Squatters can cause damage and impede rental income, but landlords still need to follows laws regarding squatters’ rights. Here’s how to evict a squatter.

The Landlord Tenant Checklist for New Tenants

The Landlord Tenant Checklist for New Tenants

A landlord-tenant move-in checklist is a good way to set a clear standard while outlining your expectations for your landlord-tenant relationship.

multifamily financing

Complete Guide to Multifamily Financing: What to Know Before You Apply

This guide focuses on your loan options, borrowing limits, down payment amount, and other key elements you need to know about multifamily financing

14 of the Best Landlord Software for 2022

14 of the Best Landlord Software for 2022

We’ve put together a list of 14 of the best landlord software on the market to help you stay organized

landlord insurance illinois

A Complete Guide to Illinois Landlord Insurance

Landlord insurance isn’t mandatory in Illinois, but it's a great way to safeguard your property against damage and liability.

California Rent Control

How California Rent Control Works: What Landlords Need to Know

In California, landlords cannot increase rent by more than the sum of 5% plus the local inflation rate (or 10%, whichever is lower).

HOA insurance

HOA Fees 101: What HOA Boards Should Know

Having a sound budget for your HOA is a critical part of a successful community. It’s also essential for facilitating the management of your HOA’s property.

Deed restricted communities

Landlord's Guide to Deed Restricted Communities

Deed-restricted communities are not necessarily a bad thing, even for landlords. Restrictions may actually help maintain the value of your property

HOA insurance

What Does Landlord Insurance Cover?

What does landlord insurance cover? Find out how property protection and liability coverage work when you own rental property.

HOA insurance

The Dos and Don’ts of Tenant Screening

Careful landlord tenant screening is a must for all landlords and property managers. Here are several important dos and don’ts to consider.

HOA insurance

General Liability Basics: How to Avoid the Most Common Lawsuits

Apartment owners operate in an extremely litigious environment. That’s why robust landlord liability insurance is crucial.

HOA insurance

Choosing an HOA Management Company: Key Considerations

Volunteering on an HOA board can be a miserable and sometimes isolating experience, and that's where an HOA management company can really help you

HOA insurance

HOA Audits: How They Work and Why They're Important

An HOA audit can help you pinpoint issues within an organization, such as accounting errors or fraud. Find out who conducts these audits and how they work.

HOA insurance

How Does Flood Insurance for Landlords Work?

Flood insurance for landlords comes at an added cost, but the coverage can be worth it. Find out how flood coverage works and who it\'s best for.

HOA insurance

Get started with the Honeycomb Inspector App

The honeycomb inspector app is a powerful tool we use to get you covered in a fraction of the time it takes elsewhere.

HOA insurance

Condo Association Insurance: Why Maintenance & Documentation Are Crucial

The commercial condo association insurance marketing is hardening, highlighting the importance of regular maintenance and documentation.

HOA insurance

HOA Insurance: Why Ordinance & Law Coverage Matters

Ordinance and law coverage can provide coverage for additional rebuilding costs that may be needed to comply with building regulations.

HOA insurance

Condo Association Insurance: What to Expect at Your Next Renewal

If your condo association insurance is up for renewal soon, you need to be aware of what’s happening in the condo association insurance market now.

HOA insurance

Getting the Most Out of Your Landlord Insurance (For the Least Amount of Money)

Own a multi-family building and looking to save on comprehensive landlord insurance? Learn what you can trim.

HOA insurance dictionary

The ultimate commercial property insurance dictionary

This commercial residential insurance dictionary will ensure you’re well versed, well prepared, and informed when making insurance decisions.

HOA insurance coverafe types

What type of HOA Insurance coverage does my association actually need?

Understanding HOA insurance means knowing all of the available options and having the ability to gauge what’s important for you.

condo buildings

Condo Association (COA/HOA) Insurance Basics

It’s not just about having “enough” HOA insurance, but also about having the right kinds of coverage, limits and endorsements.

Common Mistakes HOA Insurance

9 common mistakes that could cost you when getting HOA insurance

HOA insurance is a very specialized type of coverage. To protect your community, work with an agent who specializes in HOA insurance.

balancing risk and money

The cost of habitational insurance is soaring. Here’s how HOAs can fight back

The cost of habitational insurance has soared in recent years. This is mainly due to extreme weather conditions resulting in multi-billion-dollar losses.

HOA board responsibilities

What Do the HOA Board Members Do, Anyway?

The work done by an HOA board helps keep things running smoothly and guarantees consistent property values along with the comfort and safety of their neighbors.

Ways to Keep HOA Insurance Costs Down

7 Ways to Keep HOA Insurance Costs Down

We put together a list of seven ways to keep HOA insurance costs down while keeping the community’s financial interests in mind

preventing winer slips and falls

Preventing Winter Slips and Falls

It’s vital for HOAs, COAs and landlords to be proactive during winter times about the increased risk of slips and falls due to snow or ice.

board members sitting in a meeting

Directors and Officers Insurance - A Vital Coverage for HOA and COA Board Members

It is vital for HOA board members to protect themselves against potential lawsuits with D&O insurance


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