Best Insurance providers for a 6 Unit Multifamily Asset

Rental Property Investor · Woodstock, IL · Member since 2024 · 14 posts · 10 votes

I recently got under contract for a 6 unit apartment building in Lake County, Illinois. I am wondering what companies landlords have used and would recommend? Thanks in advance!

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Kevin Koone
Insurance Agent · Maumelle, AR · Member since 2015 · 131 posts · 41 votes
9mo
Tyler, How old is it? That'll limit the market.
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- Tyler HenkelPro Member
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  Rental Property Investor · Woodstock, IL · Member since 2024 · 14 posts · 10 votes
  8mo
  Quote from @Kevin Koone:
  
  Tyler, How old is it? That'll limit the market.
  
  The property was built in 1982
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Owen RosenBusiness Member
Professional · Clinton Township, MI · Member since 2015 · 676 posts · 259 votes
9mo
Quote from @Tyler Henkel:

I recently got under contract for a 6 unit apartment building in Lake County, Illinois. I am wondering what companies landlords have used and would recommend? Thanks in advance!

This can vary greatly depending on the actual property characteristics, sent a DM if you'd like assistance.
Royal Oath Insurance Group4.9203 Reviews
Website View Page
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Jared Townsend
Insurance Agent · Orlando, FL · Member since 2015 · 297 posts · 122 votes
9mo
Insurance follows the same rule as lenders - 5+ units will be classified as commercial insurance. That will help narrow your search some.
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- Tyler HenkelPro Member
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  Rental Property Investor · Woodstock, IL · Member since 2024 · 14 posts · 10 votes
  8mo
  Quote from @Jared Townsend:
  
  Insurance follows the same rule as lenders - 5+ units will be classified as commercial insurance. That will help narrow your search some.
  
  Thanks Jarod! I was hoping someone had any recommendations for commercial insurance providers in the market but I appreciate your insight! Hope you're having a wonderful start to the new year!
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