Long term/mid term insurance

[Maria Lamb]

I have a 4 plex ready to go. Two units are year round, two are mid term. I have been having a heck of a time finding insurance. My insurance agent tried Allstate but they said all units need to be occupied before they write a policy. I’ve heard terrible things about Obie and Steadily. Proper insurance is crazy expensive. My insurance agent found two others but both required an automatic water turn off at the main valve but it’s physically impossible to put one there. I have my first tenant moving in next week!

[Owen Rosen]

Quote from @Maria Lamb:

I have a 4 plex ready to go. Two units are year round, two are mid term. I have been having a heck of a time finding insurance. My insurance agent tried Allstate but they said all units need to be occupied before they write a policy. I’ve heard terrible things about Obie and Steadily. Proper insurance is crazy expensive. My insurance agent found two others but both required an automatic water turn off at the main valve but it’s physically impossible to put one there. I have my first tenant moving in next week!

What did you hear about Obie and Steadily?

[Aaron Letzeiser]

Quote from @Maria Lamb:

I have a 4 plex ready to go. Two units are year round, two are mid term. I have been having a heck of a time finding insurance. My insurance agent tried Allstate but they said all units need to be occupied before they write a policy. I’ve heard terrible things about Obie and Steadily. Proper insurance is crazy expensive. My insurance agent found two others but both required an automatic water turn off at the main valve but it’s physically impossible to put one there. I have my first tenant moving in next week!

 Hi @Maria Lamb! Looks like this was your first post on BP. Welcome to the community! I'm disappointed you've heard terrible things about us at Obie. We've got tens of thousands of happy and satisfied landlords across the US! If you have any specific concerns, I'm always down to chat on them or any other insurance topic!