Liberty Mutual Just Canceled My Insurance!
I just bought 2 houses in Sacramento and they need work. I am planning on starting the work this summer but I just got a notice from Liberty Mutual that they are canceling the policy because of the condition of the properties. They didn't care that I am going to be fixing them. Does anyone have a recommendation of an Insurance company that will insure them? The mortgage company said if I don't find one myself they will find "lender's insurance" for me but I have a feeling if I go that route it will be more expensive. Anyone have any experience with this?
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Check out National Real Estate Insurance Group. They're administered under Affinity and are licensed in all 50 states. They specialize in insurance for real estate investors and don't have a problem with whatever stage your rental is in (rehab, vacant, occupied). I've had my rentals with them for 2 years. While I haven't had any major issue to attest to how making a claim goes, so far I've been pleased with their pricing.