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I am relatively new to the buisness, , ( not a slumlord though) but have been through something like this a few times already. and I think other than major damage, fire, tree through the roof, it may be best to suck it up. Even if you find another insurance co that would cover it, after a claim or two , you will be dropped, and it will become hard to get insured from other companies as well. I just keep fire and liability insurance, and a truck full of tools, and say my prayers every night. Also. the rates go up very signifigantly for extra coverage if you can get it. Like I said, I have only been the buisness for about 6-7years, but I think this is a hands on buisness. Best of luck . There are a couple of great books you can read that have been real helpful to us one is the section 8 bible, real good read, and the guys are kind of funny. Mostly geared towards section 8 renatls, but tons of good tips, etc for landlords
Hey best of luck , Its a tough racket, but, you can make some money if you are willing to put your back into it.
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No left turn un stoned
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