I am in the process of purchasing my first investment property. It is a 4 unit multi family where I intend to live in 1 of the units and rent the other 3. I am having difficulty finding a homeowners insurance plan. Does anyone know of any insurance companies serving southeast PA that would insure this type of property? Ideally, I'd be looking to bundle auto insurance with the homeowners policy as well. Finally, any thoughts on any additional insurance that may be needed or recommended? I'm thinking 'landlord' insurance, a liability or umbrella policy?
Thanks in advance!
Hi @Rob Snyder , I am no expert in insurance but I have a pretty good insurance broker. DM me for details. He does all of my landlord policies and knows his stuff so he should be able to find you something. Working with a broker like this you might not be able to bundle the policies but the overall savings and lack of hassle should make it worth it. Good luck!
I have a guy Dave Dimeglio of Nationwide office is in Havertown tell him Mettamarie Woodruff referred you. He works for Nationwide. I have been dealing with him since I turned 16 and got a license. He always gets the rates as low as possible. I can’t post his number if you can’t find it message me.
As @Rich O'Neill wrote, I would just use an insurance broker to find the correct product. Feel free to message me if you want a referral.
Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney. What I wrote above does not create an attorney/client relationship between us. I wrote the above for informational purposes. Do not rely on it for legal advice. Always consult with your attorney before you rely on the above information.
Hi @Rob Snyder , you can give an independent insurance agent a try as they will have more access to companies that will fit your needs. Being a 4 unit, the property can be on a personal policy rather than a commercial. So much more choices. I am surprised you have having trouble actually.
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