Updated over 3 years ago on . Most recent reply
One Stop Shop Insurance for LTR/STR/Flood, etc?
Listmates,
I am getting real tired of paying a million premiums, and extra payments for fire, flood, str, and whatever else, The payments constantly seem to be due, autopay doesn't always work, and its overall just really annoying to deal with all of it.
I get that these are quality problems to have, but i am wondering if there is like a one stop shop, where i can get a master policy maybe that just covers everything, with a minimum of payments. This is all just alot to keep up w/ otherwise.
Wondering how everyone else deals w / it, and if anyone has any insurance "master plans" they recommend? I got referred to Arcana insurance but they don't write in CA and I think they don't write for STR's. (Forget exactly but they were not the right fit)
any help/thoughts appreciated.
- Richard Evanns
Most Popular Reply
#2 Insurance Contributor
- Insurance Agent
- Nationwide
Richard, when it comes to Landlord/STR, there are several commercial insurance options out there to group rentals onto a Master policy. These programs typically handle 1-4 units, and allow Vacant, Renovations, STR and Annual rentals to be on the same policy.
I will send you some of the programs our client currently use.
Umbrella coverage is usually a separate policy.
Earth Quake and Flood can be added if the properties are in lower risk areas. If they are in higher risk areas, then it's likely you will end up with a stand alone policy.