OREO Insurance/insurance for investors

no fault insurance, OREO insurance, property insuranceAs the owner of multiple properties, you should consider obtaining no fault property insurance coverage. When you decide to own rental properties, you never know what kind of damage or personal injury could happen to the tenants and their guests. You also don’t know if the tenants would ever decide to sue you. If this were to occur, your homeowner’s insurance policy won’t provide coverage or pay the claim. With no fault insurance, you’d be able to file an insurance claim even if you had nothing to do with the damage or injury.

OREO InsuranceWhen a business or individual invests in a property, they take full responsibility of its upkeep. The home may not be a primary residence, however, and it is meant to be a rental property. Investors need to protect their property by looking into OREO insurance. These policies cover residences that are not currently inhabited. In fact, it benefits the investor to have this insurance for several reasons.