Seeking Advice on DIC and Excess & Surplus Coverage for 7-Unit Property

[Joel Bechtel]

Hi BiggerPockets community,

I’m currently evaluating switching to Allstate for coverage on my 7-unit multifamily property built in 1974, as my current carrier increased my premium by about 86% despite no claims. However, Allstate is capping their landlord insurance at $750,000, which creates a coverage gap I need to address.

I’m looking for options to add at least an additional $750,000 in coverage and am wondering if anyone has experience with Difference in Conditions (DIC) coverage or Excess and Surplus policies. Specifically, I’m interested in finding carriers you might recommend could help fill this gap.

Has anyone dealt with a similar situation, or do you have advice on which brokers or carriers are best suited for this kind of coverage?

Appreciate any feedback you can share!

Thanks in advance,
Joel Bechtel