Home Insurance in Massachusetts

13 Replies

Hi everyone,

Does anyone have referrals for good home insurance companies in Massachusetts? I just got off the phone with Geico and they apparently have no preferred partners in the area that can provide insurance on investment properties if the deed is owned by an LLC. I'm looking for some referrals for good insurance companies that are willing to insure a property if the deed is under an LLC. The properties I'm looking to insure are buy and hold properties so I'll have tenants living there and they are not owner occupied.

Thanks!

-Joe

If you own a home then try starting with your current insurance co. I recently insured a property like that and it was cheaper and easier to manage everything with one agent.

Hey @Joe Rinella We have used Eastern Insurance Group, they have insured multiple properties of ours that are held in LLCS. I know when your in a pinch Liberty mutual will typically insure LLC's without an issue too but there rates tend to be pretty high.

https://www.easterninsurance.com/

This is a great thread, thank you to everyone who posted.

@Joe Rinella - If you don't mind could you let us know which, if any, of these companies you selected? I'm getting quotes for my 2 unit now and there's a lot of variation.

@Joe Rinella

Hey Joe,

As long as the home you are flipping is not under construction, then the type of policy you are looking for is a Dwelling Fire One policy (DP1). Which is a personal policy sold at a few agencies in MA.

If it is currently under construction then you would want a commercial policy called Builders Risk Policy.

In Massachusetts, one company that is very competitive for vacant or unoccupied homes is Foremost Insurance.

Archetype Insurance in Millbury, MA writes for them.

Archetypegroups.com

Thanks,

Tim Karlowicz