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Updated over 7 years ago on . Most recent reply

Bernard Obrien's profile image
Bernard Obrien's profile image
Bernard Obrien
  • from Burnsville, Minnesota
  • Member since Mar 15, 2017
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Bernard Obrien's profile image
Bernard Obrien's profile image
Bernard Obrien
  • from Burnsville, Minnesota
  • Member since Mar 15, 2017
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Bernard Obrien
  • Burnsville, MN
4
Votes |
11
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Commercial Real Estate Investing

MN Insurance Broker/Any expert advice?

Bernard Obrien
  • Burnsville, MN
Posted

G'day there.  My question is I have 26 units and I would like some sage advice/referral to an insurance broker.

Specifically one that will underwrite and insure at a valuation I set or actual purchase price for the structure.  

My premiums are about 20000 per year and unless i am crazy that is way too high.  Thank you in advance for the Help.

God Bless.

Bernie

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John Woodrich's profile image
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John Woodrich
  • Flipper/Rehabber
  • from Minneapolis, MN
  • Member since Jun 23, 2016
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John Woodrich
  • Flipper/Rehabber
  • from Minneapolis, MN
  • Member since Jun 23, 2016
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John Woodrich
  • Flipper/Rehabber
  • Minneapolis, MN
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John Woodrich
  • Flipper/Rehabber
  • Minneapolis, MN
Replied

HI @Bernard Obrien, welcome to Bigger Pockets.  I use the National Real Estate Insurance Group (NREIG).  They let me set my value and had insurance options which were cheaper than my previous company.  I would recommend you have them quote your portfolio.

  • John Woodrich
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