Miami, FL · Member since 2016 · 13 posts · 2 votes
Insurers are pulling out of Florida left and right (including USAA for rentals) and I'm having a hard time finding a policy. Anyone have any ideas on insurers for Florida?
Go through an insurance broker who represents multiple lines; And, have a new 4-Point and Wind Mit completed. We're not having any trouble securing coverage but the cost is up 40% this year from last. Without having a clean 4-point and a current wind mit, the cost will be ugly and the carriers limited to none.
Fun times in the sunshine state...it's truly my fear that it will be the insurance crisis that kills our real estate market.
Make sure you’re not asking for a homeowner’s policy if it’s a rental property. It’s not what you want, it won’t cover you in the case of a loss, and is probably more expensive than a landlord policy, which is what you want.
Go through an insurance broker who represents multiple lines; And, have a new 4-Point and Wind Mit completed. We're not having any trouble securing coverage but the cost is up 40% this year from last. Without having a clean 4-point and a current wind mit, the cost will be ugly and the carriers limited to none.
Fun times in the sunshine state...it's truly my fear that it will be the insurance crisis that kills our real estate market.
Hello I can pass you my insurance agents contact info, he helped my clients and me. Just send me a message if you want his info but he can for sure get you covered
I used Safeside for one of my investment properties and the rate for HO and Wind was pretty decent. RIght now, it is crazy with insurance in general. Be prepared financially and mentally for the quotes you receive.
Go through an insurance broker who represents multiple lines; And, have a new 4-Point and Wind Mit completed. We're not having any trouble securing coverage but the cost is up 40% this year from last. Without having a clean 4-point and a current wind mit, the cost will be ugly and the carriers limited to none.
Fun times in the sunshine state...it's truly my fear that it will be the insurance crisis that kills our real estate market.
I don't think the market will die....but it will certainly push prices down a bit if people can't buy houses at these crazy prices haha.
Insurers are pulling out of Florida left and right (including USAA for rentals) and I'm having a hard time finding a policy. Anyone have any ideas on insurers for Florida?
Let me know if you still need an insurance broker. I have a guy out of Orlando who offers many companies (brokerage) as @Patricia Steiner was explaining. Message me and I can send you his number to get quotes.
Hello I can pass you my insurance agents contact info, he helped my clients and me. Just send me a message if you want his info but he can for sure get you covered
Hans, I sent you a connection. Please share your brokers info with me. Thank you.
Insurers are pulling out of Florida left and right (including USAA for rentals) and I'm having a hard time finding a policy. Anyone have any ideas on insurers for Florida?
Let me know if you still need an insurance broker. I have a guy out of Orlando who offers many companies (brokerage) as @Patricia Steiner was explaining. Message me and I can send you his number to get quotes.