Investor · Saint Louis · Member since 2020 · 55 posts · 20 votes
Hi, I have been using my same insurance company for many years but now that I have a rental portfolio I'd like to work with someone that has experience in real estate. I'm in St. Louis MO. Any recommendations?
I was just discussing this at a Real Estate Meetup. When you are a real estate investor, you face different Insurance requirements depending on the project:
1. Flip: Renovation Builders Risk, General Liability, Workers Comp., ... are possible needs
2. Renovate & Hold: The above plus Vacant Building coverage, Dwelling/Fire coverage, Umbrella,..
3. Buy & Hold: Depends on the size of the property (# of units) and what the use (Apartments, Retail, office, etc.)
Be aware that it is unlikely that the best coverage for all the situations would be with the same Insurance company. You will most likely have several Insurance Companies for different properties or projects.
Because of the above, I would suggest you work with an Independent Agent (represents multiple Insurance companies). They should be able to write (and be knowledgeable in) both Personal & Commercial coverages. Look for recommendations of other investors, check online, and be sure to interview the prospective agents to judge their knowledge and experience in the Investment area.
Hi, I have been using my same insurance company for many years but now that I have a rental portfolio I'd like to work with someone that has experience in real estate. I'm in St. Louis MO. Any recommendations?
Plus 1 on Crawford Butz & Associates Insurance Agency
We also love Robertson Ryan & Associates - Top 100 US Insurance Agency
I have 6 rentals right now in STL and I've used Maggie Norton @ Real Protect for all of them. They only right commercial policies so they're always used to things we look for like rent loss coverage, etc.
Hi, I have been using my same insurance company for many years but now that I have a rental portfolio I'd like to work with someone that has experience in real estate. I'm in St. Louis MO. Any recommendations?
Plus 1 on Crawford Butz & Associates Insurance Agency
We also love Robertson Ryan & Associates - Top 100 US Insurance Agency
Nathan, thanks for the mention!
Todd, we handle hundreds of investors and would welcome the opportunity to discuss your portfolio.