I'd like to sit down with a broker and review my current portfolio. Any recommendations?
Hello, @Michael Smith .
I've got several agents I can recommend. How many properties are in your portfolio (if you've got 10+ I'll send you some commercial agents instead of personal agents)?
Just 3 properties so far. Is 10 the magic number for economies of scale? I am a bit unhappy with my current provider, who has taken a few price increases without any real justification. I am trying to understand how to get the best value out of my total insurance spend, while keeping in mind my plan to scale up in coming years.
Yes, I believe 10 is the magic number to see insurance reductions.
Below are a couple of agents we work closely with.
Another option is to add your 3 properties to your homeowner's policy.
Hope something works out.
Best regards,Brant Barnes Shelter Insurance 16 E Spring St Fayetteville, AR 72701 479-443-2521 479-443-6427 Fax
Johnny Miles <[email protected]> or
Stephanie Riggins <[email protected]>
Parker Rhett, Agent | State Farm Insurance
4515 Poplar Ave, Ste 416 | Memphis, TN 38117
Office 901.680.7400 | Fax 901.680.7480
Sorry the format didn't paste in correctly.
Shelter is a great company, but I would ask for their Broad Policy that covers • Burglary/Break-in damage
• Falling Objects (like tree limbs)
• Weight of Ice and Snow
• Freezing of Plumbing
• Accidental Water Damage
• Artificially Generated Electricity
If something happens to your home that's not on the basic list you won't be covered.
@Douglas Skipworth I would love that list of commercial agents.
Hello, @Michael Mcghee .
Below are 3 commercial agents in Memphis that we have worked closely with (sorry if the formatting is off).
Hopefully, one of them could help you.
Insight Risk Management
Patrick Hodges, AAI, CIC, CLCSVice President, Commercial LinesLipscomb & Pitts Insurance, LLC2670 Union Avenue Extended, Suite 100 Memphis, TN38112Tel: 901-321-1167| Fax: 901-321-1099 [email protected] | www.lpinsurance.com
Harris, Madden & Powell
Insurance & Bonds
1770 Kirby Parkway, Suite 320
Memphis, Tennessee 38138
(901) 316-1071 - Direct
(901) 483-8631 - mobile
(901) 853-9943 - fax
@Michael Smith undefined
Chances are to get your best pricing at this point in time, you will want to pair the 3 rentals with your personal policies. But, this will be a short lived plan if you are growing fast, a most personal lines companies cut you off once you get to 5 or 6.
10 is the magic # with some insurance programs, but there are still plenty of options out there between 5 and 10 rentals. You just need to make sure you are dealing with the right agents, and it looks like @Douglas Skipworth has done the foot work for you on that one:)