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Mike Morey
Pro Member
  • Investor
  • Waterville, ME
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Insurance for multi unit in central Maine

Mike Morey
Pro Member
  • Investor
  • Waterville, ME
Posted Sep 18 2018, 17:33

I am in the process of purchasing a triplex in central Maine and was wondering about insurance company options out there. There only seem to be a few that I'm aware of and 2 that I have been using over the last 4 years, Liberty Mutual and Vermont Mutual. One of these are requiring me to replace the roofs on 2 outbuildings on the property I am purchasing within 30 days of binding coverage and want a signed contract with a roofing company prior to coverage. I knew the roofs would have to be replaced within a year or 2 and was planning on doing that but not this quickly. The outbuildings will not be used for vehicle storage or any storage for that matter until I replace the roofs. So basically my question is what other comapnies are out there that provide insurance for multiunit properties? Thank you for any help or advice you can give. 

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