So far on the offers I have placed in Pinellas County, Insurance is proving to be an obstacle with the agents I have spoken to and the prices I have been quoted. State Farm will not do an umbrella policy because My father and I will both be on the loan/title (thinking of alternative ways to do this, advice would be great.) and they think it is too much exposure.
Does anyone know of any insurance brokers/agents who they have worked with and can recommend? I am avoiding SFHA properties at the moment so flood insurance is not a worry. At the moment I am just hoping there are prices lower than what I have been exposed to. 3k a year for a 300k liability on a triplex changes the numbers a lot. It would be great if they ran quotes at a faster turn around than current turn around I am seeing as well, sometimes can take up to four days.
@Joe Gutmann - I have a personal friend who runs a family owned insurance agency, they can shop multiple companies and get you the best rate.
Send me a PM and I will share his info.
Thank you @Brandon M.
Realize this is late in the game, but try Florida Strategic if you are still looking for a good insurance agent!
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing