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Updated about 6 years ago on . Most recent reply

How to find an Insurance broker- Guidance needed
Good afternoon BP,
I am a new investor and looking to build my network.
One of the obstacles that I have encountered recently is finding an insurance broker.
I wanted to reach out to all of you and see if you could provide me guidance on a couple of questions.
- Is an insurance broker the same as an agent that works at an Allstate, State Farm etc?
- How do you go about finding an insurance broker?
- Can an insurance broker help me with any property no matter what state?
- Should I be interviewing insurance brokers? If so, what should I ask?
Your guidance is greatly appreciated.
Most Popular Reply

If your looking for insurance for rental property I do not think a broker is the correct route. I use State Farm for most of my rentals and they are able to beat most brokers. Excellent company and are very good at responding to a claim. Careful of using small companies to save a couple of dollars, many are slow to respond to claims in my experience. Its not worth it.
Good Luck.