Need Homeowners Insurance for a Florida Rental Property!
Insurers are pulling out of Florida left and right (including USAA for rentals) and I'm having a hard time finding a policy. Anyone have any ideas on insurers for Florida?
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Go through an insurance broker who represents multiple lines; And, have a new 4-Point and Wind Mit completed. We're not having any trouble securing coverage but the cost is up 40% this year from last. Without having a clean 4-point and a current wind mit, the cost will be ugly and the carriers limited to none.
Fun times in the sunshine state...it's truly my fear that it will be the insurance crisis that kills our real estate market.