Statefarm only allows four rentals for an umbrella policy

Statefarm only allows four rentals for an umbrella policy

Peter GrossoPro Member
Real Estate Agent · Farmingville, NY · Member since 2014 · 164 posts · 37 votes

Hello All, 

My Umbrella policy only allows for 4 rental properties.  Does anyone else know what insurance companies allow more then four?  

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Ciro LoCascioPro Member
Investor · Queens, NY · Member since 2013 · 135 posts · 39 votes
12y
I also have StateFarm and all you need to do is get a commercial umbrella policy. I have it for 5 properties currently
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  • Ciro LoCascioPro Member
    Investor · Queens, NY · Member since 2013 · 135 posts · 39 votes
    12y
    I also have StateFarm and all you need to do is get a commercial umbrella policy. I have it for 5 properties currently
  • Peter GrossoPro Member
    OP
    Real Estate Agent · Farmingville, NY · Member since 2014 · 164 posts · 37 votes
    12y

    @Ciro LoCascio   Thanks for the info

  • Investor · El Dorado Hills, CA · Member since 2012 · 1k+ posts · 1k+ votes
    12y
    Most real estate investors are better off with an independent agent rather than a direct writer like State Farm, Farmers, Allstate, etc. Most parts of the country have a few strong regional carriers that provide more competitive rates and broader coverage that the carriers you see on TV every other commercial.
  • Hanford, CA · Member since 2013 · 5k+ posts · 1k+ votes
    12y

    I have AAA and so far they have great. We have 5 rental properties under the umbrella.

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