Insurance rates explosion

[Michael Perreira]

Since the increase in values the last few years and the recent hurricane our home owners insurance went up for regular and airbnb rental properties.  Any recommendations for insurance companies in North Charleston South Carolina area?

[Troy Gandee]

Sadly, I think pretty much all homeowners' policies have shot up over the last 12-24 months in the coastal markets. We've noticed a significant spike in pretty much all of our properties. I've been told the reason is because many of the carriers have been pulling out of this market, so the ones that are left are increasing their premiums to compensate for the frequency of claims made. We use a guy named Will McLeod with NavSav for our investment policies. Shoot me a DM and I'll send you his contact info.