Kansas City MO · Member since 2014 · 357 posts · 349 votes
Any insurance companies out there who insure older apartment buildings (HOA insurance) at a reasonable price? I'm hearing alot of companies are stopping to insure older apartment buildings and wondering which companies other investors are having luck with for multifamilies in the Kansas City Missouri areas. So far I'm being told alot of big companies are refusing to insure older multifamily as of recently.
Insurance Agent · Nationwide · Member since 2014 · 2k+ posts · 1k+ votes
2y
@Laura Williams there are different underwriting guidelines for apartments versus a HOA, but both spaces have very few option for buildings built prior to 1980. If it is prior to 1960, you are most likely stuck with the nonstandard companies.