Insurance on a 4 unit in Columbus Ohio

Insurance on a 4 unit in Columbus Ohio

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.

Thank you in advance for your help!

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Investor/Agent/CPA · Columbus, OH · Member since 2015 · 249 posts · 207 votes
7y

@Zack Rosenbaum that is very high.  I have a 4 unit in Columbus (4 1 bedroom units).  Send me a message if you want my agents name.  Thanks,

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  • 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.

    Cheers,

    Art

  • Remington LymanBusiness Member
    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.

  • Real Estate Professional · Dublin, OH · Member since 2013 · 251 posts · 165 votes
    7y

    @Zack Rosenbaum National Real Estate Group, NREIG.com

  • Investor/Agent/CPA · Columbus, OH · Member since 2015 · 249 posts · 207 votes
    7y

    @Zack Rosenbaum that is very high.  I have a 4 unit in Columbus (4 1 bedroom units).  Send me a message if you want my agents name.  Thanks,

  • Insurance Agent · Beaver Falls, PA · Member since 2016 · 126 posts · 84 votes
    7y

    Hey @Zack Rosenbaum,

    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.

  • Investor · OH · Member since 2020 · 13 posts · 4 votes
    1y

    I have the same issue. I am paying around $450 per month for a 4plex in Columbus Ohio. If anyone knows good insurance brokers, that would be great. 

  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    1y
    Quote from @Peter S.:

    I have the same issue. I am paying around $450 per month for a 4plex in Columbus Ohio. If anyone knows good insurance brokers, that would be great. 


     That seems pretty high. I have a list of referrals I can send you.

  • Owen RosenBusiness Member
    Professional · Clinton Township, MI · Member since 2015 · 676 posts · 259 votes
    1y
    Quote from @Peter S.:

    I have the same issue. I am paying around $450 per month for a 4plex in Columbus Ohio. If anyone knows good insurance brokers, that would be great. 


     Sent a DM

    Royal Oath Insurance Group4.9204 Reviews
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