Insurance coverage for rentals

[Ivan Palagniuk]

Hi everyone,I wanna ask how you guys insure your real estate and what company to insure with,I have 3 duplexes and 1 fourplex ,just got off the phone with progressive with a shocking quote, wanna ask how much on average insurance would be for each unit .

Also adding an umbrella coverage, by how much will the insurance go up on average, just wanna know where I need to be at in terms of price.

Any references or responses will be appreciated,thanks

Best of luck to every investor

[David Barnett]

@Ivan Palagniuk I would strongly recommend going to an insurance broker/agent that isn't captive (independent).  It sounds like you went to an agent that was tied to Progressive, and they can only offer Progressive insurance products.  If you go to an independent agent, they will be able to shop multiple products from different carriers.  I invest in the Midwest, and my properties are insured by Foremost (three duplexes).  Foremost seems to be the most competitively priced in the area where I invest.  Good luck.