Good morning all,

I am perplexed and have no idea how to reply to an email I received yesterday. It stated because I live out of state, I must show proof of a property management company or else my insurance will be cancelled. I've been insured for over 4 years through the same company (Erie) and have lived out of state the entire time. Has anyone else dealt with this before and are there recommendations for other insurance companies that are friendly towards out of state landlords? It's a basic landlord policy with umbrella insurance due to the property being a condo which is insured through the HOA. Thanks in advance for any insight!

@Christopher Deforest this is the first I've heard of this with insurance. I would recommend reaching out to other insurers and see if you can find better ones that allow out of state PMs or even care about it.

When we lived in California we had OS as well as local rental properties. Not once did our insurance company enquire as to who managed any of those properties. 

Time for a new insurance company @Christopher Deforest . That's definitely not the standard for most of them. I doubt your new insurance policy will cost more than hiring a PM, so just get a new insurance co. 

I've had GREAT success with AAA insurance, but I'm in Connecticut. I'm not sure where your rental is located, but AAA is a national company so there's hope. 

Christopher,
If the Condo Association has a property manager check to see if that is enough. If not, I would look around to see. We have many markets for this type of coverage and some will not insure for out of state or owners living beyond a certain # of miles (50 for example). Other companies have no such restrictions.

Thanks for the prompt replies fellas, I assumed everything that you all had mentioned above... just wanted to make sure I wasn't crazy. @Filipe Pereira I'll give AAA a shot. @Benjamin Seibert the property is in Alexandria, VA relatively close to Frederick and I'm through Erie which has been great to me for years up until now. Just an FYI in case you ever decide to get insurance through them.

@Christopher Deforest not that it helps you, but in considering why an insurance company would do this, the only reason I could come up with was that one of their actuarians ran a report that showed higher than acceptable losses on policies for DIY rental properties.

The only reason I mention this is because of the likelihood other insurance companies may follow their lead in the near future.