Insurance Question

[Brian Campbell]

I have 5 rental properties and 6 houses I've sold on contract. My insurance guy has talked me into carrying replacement value insurance. Most of my monthly ins. cost average to be around $45-$50/month for most properties. I do have a 3 unit building on a main st. in a small town and ins. for that property is $114/month.

My insurance guy has always used the hail damage situation.....replacement coverage would get me new roofs while cash value policies would mean a big out of pocket expense.

He also said most companies won't insure for cash value.

I'd like to get some advice on this from you experienced investors.

Thanks!