Columbus, OH · Member since 2019 · 13 posts · 15 votes
Hi, I am in the process of purchasing a 4 unit property in Columbus Ohio and just received a quote from a brokerage company for $400/mo. The rates on the 4 unit are astronomical even compared to what the current owner is paying (about 190/mo). I'm looking for some recommendations on insurance companies or agents for this type of investment property that I could contact.
San Ramon, CA · Member since 2017 · 78 posts · 97 votes
7y
@Zack Rosenbaum $400 for a 4 unit is crazy but not sure asset class. Drop me a PM and I will send you to who we use. Have multiple 4 units (B/C asset class) in different parts of city and we average about $100-$120 a month per building.
Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
7y
@Zack Rosenbaum I have two 4 units in Columbus, OH. I have two insurance brokers I used for my properties. I will reach out to you since I cannot post their information here.
That's high but it also depends on what style of building it is, square footage, whether all units have two means of egress, etc. I write Millers Mutual for a lot of those types of properties in PA and Ohio.