I'm looking for a good national insurance carrier that can cover mixed properties (SFRs and multi-families) in multiple states. Any good recommendations? Thanks fellow BPers.
Farmers is just wonderful - - and they paid off my claim for a tenant caused fire without a hassle.
@Bill Manassero I insure REI clients in about 30 states, and there is not a go to company that is also the most competitive in each market.
As an example, in the last year, I have placed coverage for 8 CA investors buying in other markets. I have used 5 different companies to achieve the lowest premium.
Also, most companies willing to insure sfr are not the same competitive markets for larger complexes.
I would not recommend Farmers. They may be a great insurance company for owner occupied properties, but they have been getting away from doing investor owned property. I had a client who was considering switching coverage from their carrier and Farmers was 8 times higher. I talked to the underwriter and he said they were not really interested in doing investor owned property in Texas. They may be better in other states.