Flipper/Rehabber · Lehi, UT · Member since 2009 · 12 posts · 1 vote
We just found out that the nationwide insurance carrier we have used for years no longer will insure properties that are rented via section 8. Does anyone have any referrals to any insurance companies that will insure properties with section 8 renters? Thank you!
That is very interesting the insurance companies I have worked with have never asked me if I have sec 8 tenants. I would do some research and see if that is legal.
That is very interesting the insurance companies I have worked with have never asked me if I have sec 8 tenants. I would do some research and see if that is legal.
@Steven Hellinger thanks for the reply. Yes it is very strange for them to do this all of a sudden. Still waiting for a reply as to why this happened. In the meantime, we are looking at a few different insurance companies.
Hmmmm, not sure if they can do that. I can understand why they would - I have a feeling that there are far more fires in Sec 8 properties. But I'm sure that could be challenged in court, were it to be publicized.
I know that some of our properties are insured with Foremost, because I just saw the bill arrive today. Best to get a hungry young agent and have him look for the best deal for you. Reshop it every year.
Your profile says you work with local PM companies to manage your rentals. They should be able to tell you who other landlords in your market are getting insured through, since they all require a certificate of insurance from every client.
Thanks for the replies. We found a great replacement if anyone is looking. Contact National Real Estate Insurance Group, nreig.com. They are nationwide.