All Forum Posts by: Owen Rosen

Hey Gang, my property insurance keeps going up. Am currently with Farmers. Are there reliable  better alternates ? Also, are there insurance providers who insure multiple single family rentals and is it a better deal for the landlord? 

Thanks in advance ! 

I often hear people say they pick ACV over RCV insurance when the cost to rebuild would be more than the market value. I don't really understand that. Here is an example. I paid $173k for a duplex, but I have to have it insured for $300k for RCV at a $5k deductible. It's about $30 more a month for RCV insured at $300K than ACV insured at $188K. Why does it matter if it costs more to rebuild than market value if the insurance company is paying for it? Am I missing something here?  Please let me know your thoughts. I am in the process of making some insurance changes.

It's 2024, and I received renewal notices on 2 SFH properties with a 33% and 28% increase respectively, without any claims over the life of the policy period. This is after a double digit percentage increase last year.

The only 2 options, if I want to hang on to these properties, are:

1) increase deductible

2) change carriers, to a lesser reputable carrier (think rated B or lower on AM best)

Is there anything I am missing and how are you coping?

There’s probably not much of a market. Assume this is a very tiny niche. Then assume 90% of the people doing it have nothing to be sued for and would never buy insurance. The fact you’re actually looking for insurance means you’re probably in the top 10% (net worth-wise) of all arbitragers.

try an umbrella policy or a business policy? Use websites like FF or ABNB and get insurance from them?. 

Where are you getting your property insurance for boutique hotels?  I'm about to close on one and can't get a policy since they want 3+ years of direct hotel management experience.  I can show 3+ years of Airbnb management, but that doesn't work for underwriters.  Thanks!

Hello everybody...

Does anyone has an idea on how much property insurance cost 

on a FOURPLEX in Pharr, Texas?  

Does anyone recommend an insurance agency?

Thanks a lot.

 I asked my mortgage company if that will work and they said I can’t have my insurance listed on the policy. Needs to be under my name only according to them.