My California multiunit insurance will not be renewed, need help for new policy.
I have some properties in Oceanside, a multiunit west of the 5, and another in the small foothills. I was already informed by State Farm that they will not be renewing my multiunit policy. I'm sure several here has or will have the same issue in areas like mine, there are many multiunits out there. Does anyone have any success renewing their policy? Any recommendations of a broker or company that will insure these properties? Any other suggestions?
I'm guessing a considerable price hike will take place and will have to pass it on to the tenants.
Thanks for any help.