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Devron Morris-Brooks
  • Milwaukee
2
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8
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Milwaukee Insurance Recommendation

Devron Morris-Brooks
  • Milwaukee
Posted

My insurance Agent (American Family) just dropped insuring 8 unit rental property building in an LLC. I have never filed a claim. Are there recommended insurance companies in Milwaukee? Also, should I get replacement cost or actual cash value?

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305
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209
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Charles Clark
  • Real Estate Broker
  • Milwaukee, WI
209
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305
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Charles Clark
  • Real Estate Broker
  • Milwaukee, WI
Replied

@Devron Morris-Brooks
Sorry to hear that—unfortunately, some carriers are tightening up on rental properties held in LLCs. In Milwaukee, you might want to check out providers like State Farm, Auto-Owners, or local brokers who specialize in multi-family investments. Replacement cost is usually preferred for better protection, though it may cost more upfront. A good broker can help you compare both and find the right fit.

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