Insurance for multiple properties

[Christi Wolverton]

Working on renewing our insurance and because we have a lease of less than 12 months, (most are 60-90 days and are often renewed into longer terms once they establish themselves here) our rentals are considered short term - so we are grouped into the more expensive and riskier categories as traditional vacation rentals where you do have significantly more risk of parties, harder use on the properties, etc.  As a result our rates are significantly higher on these properties.  We currently have 7 buildings, 8 units, and are adding at least 5 more buildings this year with an additional 9 units.  All furnished - targeting traveling professionals.

Has anyone found an insurance company who has realized traveling professionals needing a furnished rental but not for an entire year are some of the best tenants possible and offer reasonable rates?

Thanks in advance for your time and advice! ~ Christi

[Andrew Bosco]

I have found working with regional/smaller - more sophisticated insurance brokers - I can make a more custom umbrella policy for this very reason! Prime Insurance in MA has been great to me.