Insurance companies for rental properties

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Insurance companies for rental properties

Maria Mondino
Investor · Louisville, KY · Member since 2015 · 4 posts · 2 votes

Hi! I've been using USAA to insure most of my rentals but I'd like to shop for quotes. Can you please recommend insurance companies that you use or are familiar with?

Thanks so much :)

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John Mocker
Insurance Agent · Norwalk, CT · Member since 2016 · 2k+ posts · 1k+ votes
8y

Maria,

I would suggest shopping for several Independent Agents that write in the state where the properties are located.  We represent dozens of companies.  Which ones are competitive for a particular property can vary widely.  A company may be competitive in one area an not another in the same state.  Fire Protection, Coastal issues, the company's claim history in that area, all can affect what rates they set.   Also, in the 1-4 family market, some companies will only write the 1-2 families, others 1-3, and others will do up to 4 families.  The age, condition, and loss history of the properties may cause different companies to be used on different ones.  

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  • John Mocker
    Insurance Agent · Norwalk, CT · Member since 2016 · 2k+ posts · 1k+ votes
    8y

    Maria,

    I would suggest shopping for several Independent Agents that write in the state where the properties are located.  We represent dozens of companies.  Which ones are competitive for a particular property can vary widely.  A company may be competitive in one area an not another in the same state.  Fire Protection, Coastal issues, the company's claim history in that area, all can affect what rates they set.   Also, in the 1-4 family market, some companies will only write the 1-2 families, others 1-3, and others will do up to 4 families.  The age, condition, and loss history of the properties may cause different companies to be used on different ones.  

    1Reply
  • Micah Mcarthur
    Real Estate Investor · Louisville, KY · Member since 2017 · 56 posts · 39 votes
    8y

    Call Greg Nally at Logan Lavelle Hunt here in Louisville, he is a KREIA member and investor. 

    https://www.loganlavellehunt.com/

    1Reply
  • Jordan MoorheadBusiness Member
    Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
    8y

    @Maria Mondino contact @John Dickinson at Spalding Insurance. He owns quite a few rentals. PM me if you need his number

    [email protected]512-888-9122
    The Moorhead Team5140 Reviews
    WebsiteView Page
    1Reply
  • Jay Leisten
    Real Estate Broker · Louisville, KY · Member since 2014 · 362 posts · 232 votes
    8y

    I use Greg Nalley as well. There are a few more providers moving into the space in the near future. as I get a bit more info from them I'll update.

    1Reply
  • Bjorn AhlbladPro Member
    Investor · Shelton, WA · Member since 2017 · 6k+ posts · 6k+ votes
    8y

    Farmer's Insurance has been very responsive over the years.................I use them for rentals, primary, liability and cars etc. Every 2 years I get competitive quotes from other insurers just as a check point. You don't want the cheapest when it comes to insurance fortunately you can get reviews on line these days.

    0Reply
  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    8y

    We use Erie insurance.

    0Reply
  • Tyler Bodi
    Rental Property Investor · Louisville, KY · Member since 2018 · 66 posts · 39 votes
    8y

    Thanks for the post Maria! I was just logging in to ask the same question. The company I use for my personal residence doesn't cover rental properties and the agent they referred me to could not underwrite it. 

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