Investor · Springfield, VA · Member since 2020 · 24 posts · 17 votes
Hi all, wondering if folks have had more success on fire/landlord policies with local insurance agents or if the "big box' folks still work. Trying to figure out the best options for OOS investing in the Huntsville and Chattanooga markets (where I am currently focused); want my numbers to be tighter as I am analyzing deals.
What types of rates should I expect for 3/2 SFHs that are 1970s or newer? Or even new construction?
Hi Brad. I had a great experience with a local insurance agent for a property in Huntsville. My property manager recommended him. He specializes in policies for investors and was extremely friendly and approachable with no pressure whatsoever. I messaged you his contact info.
I’m a commercial insurance broker. I always suggest using an independent insurance brokerage who can access many different carriers. That way your working with someone who has allegiance to the client and not the carrier. Rental dwellings can be scheduled on a single commercial policy and you would just endorse every future purchase to that policy. Make sure the broker you use stays up to date with rates and constantly gets appointed with new carriers to mediate renewal increases. Please let me know if you ever have any questions!
I'm working on a SFH right now in Red Bank Chattanooga. I'm good on a policy for the construction but am always looking for more options once construction is over. I'd love to connect with you both. Thanks!
Could u please also message me his info please? thank you!
Originally posted by @Account Closed:
Hi Brad. I had a great experience with a local insurance agent for a property in Huntsville. My property manager recommended him. He specializes in policies for investors and was extremely friendly and approachable with no pressure whatsoever. I messaged you his contact info.