Nashville, TN · Member since 2015 · 5 posts · 1 vote
I have a property near Winston-Salem, NC that I previously occupied. I am in the process of renting it out, but I'm trying to locate a good insurance company/broker/etc and not sure exactly the best way to approach this.
Can anyone recommend a company or insurance broker in the area?
Real Estate Agent · Virginia Beach, VA · Member since 2012 · 2k+ posts · 1k+ votes
11y
We recently researched this for Raleigh, NC and settled on Foremost. They were the least expensive for what we were looking for and had the added bonus of issuing vacant policies that actually will cover break-ins, which is how we found them. We had a turnover with a bad tenant that ran over our landlord policy vacant period allowance, and most of the companies that would issue a vacant policy would not cover break-ins, which is why I wanted the policy to begin with, and while they had a 2-month minimum charge for that policy, they prorated it when we switched to their regular landlord policy 3 weeks later.
Real Estate Professional · Winston Salem, NC · Member since 2015 · 57 posts · 16 votes
11y
Hey @William Stubbs, I work with a terrific insurance broker here in Winston and would be happy to pass along his contact information. Shoot me an email.
Real Estate Agent · Virginia Beach, VA · Member since 2012 · 2k+ posts · 1k+ votes
11y
We recently researched this for Raleigh, NC and settled on Foremost. They were the least expensive for what we were looking for and had the added bonus of issuing vacant policies that actually will cover break-ins, which is how we found them. We had a turnover with a bad tenant that ran over our landlord policy vacant period allowance, and most of the companies that would issue a vacant policy would not cover break-ins, which is why I wanted the policy to begin with, and while they had a 2-month minimum charge for that policy, they prorated it when we switched to their regular landlord policy 3 weeks later.
Wholesaler · Wake Forest, NC · Member since 2018 · 30 posts · 9 votes
5y
@Lynn McGeein, thanks for the info. I am looking to purchase Landlord Insurance for my first rental and I didn't know about not being covered for periods of vacancy. Also I guess I need to check and make sure break-ins are covered during vacancy. However, I am hoping to not have more than 30 days vacant but you never know.