Insurance Company for Buy and Hold Rental homes

[Tom Thomson]

I have recently moved to Steadley Insurance Company for my rental properties as my insurance broker found they were cheaper than Liberty Mutual Insurance which I have had in the past.  I have had two occasions where Steadley had done inspections on my properties after I purchased them.  One time they requested that I install/repair a front porch/step railing within x days or they would cancel my property.  On another occasion I had them inspect the property after purchase and they informed me that due to the condition of the roof they were raising my deductible on any roof damage to $5K instead of the $2.5K for the rest of the property until I installed a new roof.   Who do you guys use for your rental portfolio as far as insurance and are you finding that the insurance company are doing inspections after you insure and purchase the property only to have them request repairs or change deductibles on certain things they deem higher risk?

[Owen Rosen]

This is a very common practice and it would be much more rare for an insurance company to not inspect a property after signing a contract.