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Updated over 8 years ago on . Most recent reply
Outrageous Insurance Rates on Investment Properties
Does anyone have any suggestions on finding a decent price for insurance on investment properties.
I am trying to price in insurance in Kansas City, KS. Granted its not a high value area. But insurance rates are running me $2500-3000 on rental properties. Does anyone have suggestions on specialty agents for insurance properties? -- Chris
Most Popular Reply
#2 Insurance Contributor
- Insurance Agent
- Nationwide
@Christopher J Lemmon It sounds like you need to add a different insurance broker to the mix. Most new investors do not realize that not every agent has access to the same insurance companies.
I have quoted several portfolios in Kansas City and just do not have a competitive insurance carrier to offer. Then again, I am not licensed with Shelter or USAA.
Find an independent that offers the companies listed above and one that is larger than a 1 person agency. They will have those options and probably several others.
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