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Updated over 5 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Port Coquitlam, BC
  • Member since Jan 3, 2017
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Port Coquitlam, BC
  • Member since Jan 3, 2017
Account Closed
  • Rental Property Investor
  • Port Coquitlam, BC
527
Votes |
520
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Canadian Real Estate

Insurance premiums: huge increase for multi-familiy in NB

Account Closed
  • Rental Property Investor
  • Port Coquitlam, BC
Posted

I just received a renewal notice for insurance on one of our properties, a 22 unit MF in New Brunswick.  The premium for the building portion of the policy has gone up by 50% over last year without increasing the valuation of the building.  Is anyone else seeing this? Any recommendations on brokers that handle MF in Atlantic Canada? 

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Roy N.'s profile image
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Roy N.
  • Rental Property Investor
  • from Fredericton, New Brunswick
  • Member since Apr 27, 2013

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Roy N.'s profile image
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Roy N.
  • Rental Property Investor
  • from Fredericton, New Brunswick
  • Member since Apr 27, 2013
Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
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Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
ModeratorReplied

@Account Closed

Reach out to A.P. Reid (Nicole Morgan) and compare policy/rates ... they have a specific program for landlords.

  • Roy N.
    • 3 Votes
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