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Updated about 6 years ago on . Most recent reply

User Stats

254
Posts
47
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Daniel Mendez
  • Investor
  • Dallas, TX
47
Votes |
254
Posts

How to find an Insurance broker- Guidance needed

Daniel Mendez
  • Investor
  • Dallas, TX
Posted

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.

  1. Is an insurance broker the same as an agent that works at an Allstate, State Farm etc?
  2. How do you go about finding an insurance broker?
  3. Can an insurance broker help me with any property no matter what state?
  4. Should I be interviewing insurance brokers? If so, what should I ask?

Your guidance is greatly appreciated.

  • Daniel Mendez
  • Most Popular Reply

    User Stats

    3,757
    Posts
    3,110
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    Kenneth Garrett
    • Investor
    • Florida Panhandle/Illinois
    3,110
    Votes |
    3,757
    Posts
    Kenneth Garrett
    • Investor
    • Florida Panhandle/Illinois
    Replied

    @Daniel Mendez

    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.  

  • Kenneth Garrett
  • Loading replies...