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Updated over 1 year ago on . Most recent reply

User Stats

7
Posts
1
Votes
John Micco
1
Votes |
7
Posts

Difficult time finding insurance for a 3-family

John Micco
Posted

I am having a hard time finding insurance underwriting for the three-family that I am purchasing:

https://www.redfin.com/PA/Pittsburgh/7209-Penn-Ave-15208/hom...

The only policy I could get a binder on was from Tapco in North Carolina with a $10K deductible for $5500.  

How do I find out why I am having difficulty getting insured?  The property is 100 years old but has updated wiring, plumbing, and units.  

Does anyone have any leads on agents or other companies I could try?  I tried with my agent, Allstate, Odie and Honeycomb.  My agent found only Tapco would underwrite the policy.

Thanks in advance!

John

Most Popular Reply

User Stats

618
Posts
232
Votes
Owen Rosen
  • Professional
  • Clinton Township, MI
232
Votes |
618
Posts
Owen Rosen
  • Professional
  • Clinton Township, MI
Replied

I'd recommend working with an independent agent.  Our agency happily works with Steadily but we are able to shop around to find the best value for your situation without any bias.

  • Owen Rosen
business profile image
Royal Oath Insurance Group
4.9 stars
187 Reviews

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