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Donald Mitema
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4
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Multifamily Property/Landlord Insurance

Donald Mitema
Posted

Looking to dive into our first multifamily property via an LLC. Got a ridiculous quote from my current homeowner carrier (State Farm) for $10K annually (seller is currently paying about $2800 annually). $10K will certainly throw all my numbers off track.

Any leads on independent insurance agents that can help with getting decent (good/reputable) insurance cover?

Anything specific I should ask them about insurance cover?

Is it a good idea to ask the seller who his/her carrier is (and then approach them for a quote?)

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