Home insurance for rental property
Looking for some help - I am leasing a home to purchase (12 month lease). While leasing the single family home the landlord is allowing me to sub lease the home (furnished mid term rental). I am having trouble finding insurance for the property and liability for the sub lease. Any help will be gr...
I’ve been using NREIG for a few years and have multiple policies with them for my portfolio. They’ve been good so far, but thankfully I’ve never had to file a claim. Recently, I canceled a renewal, and their representative confirmed that the cancellation had been processed. However, my mortgage l...
Same disclaimer as last time, I don't own FL property, I just build data tools and got into the public insurance data. I always assumed Citizens, the state-backed insurer of last resort, was the expensive fallback you land on when nobody else will take you. So I pulled OIR's approved-rate compari...
Hi BP Community My Insurance will not be renewing me for a cracked drive way and an inoperable Vehicle. is their any other insurances out their that can assist. My property is in Bakersfield Ca
I have a California rental insured by Foremost as a four-family property, which is their maximum. One additional person rents a private bedroom/living area with: Private attached bathroom Private exterior entrance Real, usable interior door connecting it to the main dwelling No kitchen, kitchenet...
Looking for Better Insurance Quote – 12-Unit Apartment Complex I own a 12 units apartment complex and am currently shopping around for better commercial property insurance coverage and pricing. I’d appreciate recommendations for insurance brokers or companies that specialize in multifamily/apartm...
What is the best way to get insurance quotes? I have 1 commercial building ($2M), 2 x condos ($700k and $300k), and 3 x SFH ($800k, $800k, and $355k). Every year I am shocked at how different the quotes are. I would say that there's a variation of at least 200% on the SFHs and a variation of 300%...
I'm curious as to whether I should stick with my current coverage for two duplexes that I have through a local insurance agent OR switch to a self-service policy to save 25-30% a year. My insurance agent is part of our local REIA group. Nice guy and he is a very knowledgable agent, but it seems l...
Has anyone had any success with leveraging a portfolio of single family assets to improve overall cost associated with home insurance?
I am not an investor and I am not in insurance. I just got a little obsessed with Florida's public rate data and keep finding weird stuff. Here is the latest one. I pulled the state's approved rates for the same model home in Broward, a $150k home built before 2001, and compared the premium with ...
If you are buying a rental in Florida from out of state, here is the thing that quietly wrecks your numbers. The same house does not have one insurance price. On one Broward home I looked at, the premium ran from about $5,500 to over $13,000 depending only on which carrier you land with. Same roo...
Are you paying attention to your insurance rate—or just going with the first quote you get? If you own investment properties, insurance isn’t just another expense. It directly impacts your cash flow, your returns, and your ability to grow. One thing investors sometimes overlook is that your expen...
My building in NYC just experienced a minor fire. The fire seems to have started from an AC that a tenant installed. This is my first time dealing with something like this, but thankfully, everyone is safe. It seems like the sprinkler system was able to put out the fire before FDNY arrived. When ...
Does anyone know of an insurance provider that will cover from acquisition of foreclosure property through the eviction process of the prior owner? Providers I’ve reached out to so far will only cover once the previous owner is evicted.
I was reading a Wall Street Journal article this weekend about how a growing percentage of homeowners insurance claims are being closed without payment. One of the themes was that carriers appear to be taking a harder look at claims than they did years ago, whether that's because of higher deduct...
I'm having trouble seeing the value of insurance. Am I the only one? Insurance is a little less than one month's rent in my area. If I make a claim again my insurance, my insurance will go way up. I have very rarely had a mortgage company ask for proof of insurance and with DSCR loans, the financ...
I have been digging through Florida insurance rate filings lately, the ones carriers submit to the state before rates change. A few recent ones surprised me, because everyone assumes FL insurance only goes up: Citizens -8.8% (homeowners multiperil, effective 2026-07-01, approved) Florida Peninsul...
Hello I need need help with what to consider when buying landlord home insurance policy for house worth $300k in Dallas Texas? And how much should I spend for landlord home insurance? Thank you all.
I have a fix and flip project that is scheduled to close 24 Aug. Does any one have suggestions on fix and flip insurance that carry while the property is being renovated? thanks
I am in the process of purchasing/taking full ownership of a mixed-use property from family in Union City, Hudson County, NJ, and o I am shopping around for alternative insurance coverage. Property Overview: Type: Mixed-Use Real Estate (4 Residential Units + 1 Commercial Unit on the ground floor)...
I have been digging through Florida insurance rate filings lately, the ones carriers submit to the state before rates change. A few recent ones surprised me, because everyone assumes FL insurance only goes up: Citizens -8.8% (homeowners multiperil, effective 2026-07-01, approved) Florida Peninsul...
I am in the process of renting out my home. Any suggestions on landlord insurance?
Hello BP Fam, Does anyone have a good recommendation for an insurance company? I have 6 properties in Cleveland, and they're all with Allstate. I had my first claim with them, and it was hell. They put me through the wringer, and only paid about 1/5th of the costs. Anyone had a smooth experience ...
Hi everyone, My first post here, yay! We’re looking at a condo in a California mountain town that would be used personally some of the time and rented as a short-term rental when we’re not there, likely through a property manager. I’m comparing insurance options and the two with the closest quote...