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Forums » Rental Property Questions & Landlording Issues » Insurance?

Insurance? Subscribe to Insurance?

5 posts by 5 users

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Loc R.

Note Investor · Pasadena, California


Forum_avatar_avatar-solidreturns
DonorPro

Icon_minipost May 06 '09, 11:59 PM

Who is everyone here using to insure their rental properties? I have State Farm and they are kind of just there.

I wanted to get a feel for various companies and save everyone some time (and money)!

Edited: 06/26/2010 at 08:09AM

Small_logoLoc R., Individual/Private Note Buyer
E-Mail: locatelli.rao@gmail.com
Website: http://www.lrprivatenotebuyer.com
I buy individual notes - all states, shapes & sizes.


Bjarne Royland

Real Estate Investor · ohio


Forum_avatar_avatar-bjarne

Icon_minipost May 07 '09, 12:07 AM

Wells Fargo

Edited: 06/26/2010 at 08:09AM


Allen Bailey

Commercial Real Estate Broker · Memphis, Tennessee


Forum_avatar_avatar-allenbailey

Icon_minipost May 07 '09, 11:01 AM

If you have over 5 properties then you should have an agent evaluate if you should use a commercial multi-property policy. I also have my insurance license and right now put an investor with 16 SFR's from State Farm with 16 individual polices into one policy for all 16 with American Modern and saved him 40% on the annual bill.

So run the numbers on a commercial policy if you have over 5 houses.

Edited: 06/26/2010 at 08:10AM


Account Closed


Forum_avatar_avatar-miltonhenri

Icon_minipost May 07 '09, 01:11 PM

First of all register all your properties.

Edited: 06/26/2010 at 08:10AM


Will Barnard

Rehabber · Santa Clarita, California


Forum_avatar_avatar-barnardinc
DonorPro

Icon_minipost May 07 '09, 01:28 PM

I use an insurance broker in each state I have properties in as I find them to get better rates for me due to the fact that they can shop not just State Farm, but many companies and provide the best rates.

Key point is to make sure you compare apples to apples and NEVER under-insure.

Edited: 06/26/2010 at 08:10AM

Small_barnardenterprisesWill Barnard, Barnard Enterprises, Inc.
E-Mail: info@barnardenterprises.com
Website: http://www.barnardenterprises.com
info@barnardenterprises.com


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