8Plex Insurance help in Indianapolis

[Khoi Vu]

Hi everyone,

We are in escrow for our first 8 Unit Apartment Complex in Indianapolis. It is an investment property and put under our LLC.

I have been having a hard time finding a good priced insurance with good coverage for this specific property. After reading around in the forums, I find other people to be paying around $350-$400 / month for an 8Plex.

The best price I can find was a $10,000 deductible at 90% Replacement Value for $635/month.

I have checked with the following companies:

- Progressive

- Allstate

- State Farm

- Numerous local companies

Any suggestions as to where I can search for better priced home insurance that supports 8 units and above?

I found that a lot of companies insure 6 units and below.

Any insight is appreciated!

Thanks