Multifamily Insurance recommendations

[Peter Trifan]

Hey folks,

I hope you're all doing well with your investing. I was wondering if anyone has been happy with their insurance company for their multifamily properties. Any recommendations would be greatly appreciated!

Thanks,

Pete

[Owen Rosen]

Happy to help

[Gino Barbaro]

@Peter Trifan

I would reach out to as many brokers and property management companies in your market for recommendations. Community banks, and any lenders in the market would also hear references for you.

I would also, when attending meetups, speak to other investors.

[Peter Trifan]

Quote from @Gino Barbaro:

@Peter Trifan

I would reach out to as many brokers and property management companies in your market for recommendations. Community banks, and any lenders in the market would also hear references for you.

I would also, when attending meetups, speak to other investors.

 Thanks Gino! Appreciate the info! I'll do that

[Peter Trifan]

Quote from @Owen Rosen:

Happy to help

 Thanks Owen! I'll send you a message

[Sam Applegate]

@Peter Trifan
I agree with @Gino Barbaro, the more insurance contacts you have, the better.
Last time I got insurance quotes, I reached out to the main brokers in the area and the local lenders to see who they recommended. Oftentimes, there's overlap between the two recommendations, but you also get a mix of different options.
Also, to shed a little light on the insurance industry, premiums have increased significantly year over year across the entire country.

[Peter Trifan]

Quote from @Sam Applegate:

@Peter Trifan
I agree with @Gino Barbaro, the more insurance contacts you have, the better.
Last time I got insurance quotes, I reached out to the main brokers in the area and the local lenders to see who they recommended. Oftentimes, there's overlap between the two recommendations, but you also get a mix of different options.
Also, to shed a little light on the insurance industry, premiums have increased significantly year over year across the entire country.

 Thanks Sam! Also, good to know on the premium increases, I noticed that some of my current premiums have jumped a bit.  

[Crystal Smith]

Quote from @Peter Trifan:

Hey folks,

I hope you're all doing well with your investing. I was wondering if anyone has been happy with their insurance company for their multifamily properties. Any recommendations would be greatly appreciated!

Thanks,

Pete

 I will send you a DM with a recommendation