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Updated almost 2 years ago,

User Stats

13
Posts
5
Votes
Castenzio Venegas
  • Investor
  • Brooklyn, NYC
5
Votes |
13
Posts

Cost Segregation & Insurance Saving

Castenzio Venegas
  • Investor
  • Brooklyn, NYC
Posted

Hey! For those who own or operate CRE MF's and performed a Cost Segregation study on their properties...

I’m aware that by getting a cost segregation study done there's potential to save on insurance premium costs (and property tax appeals) since the study can recalculate the replacement costs for the insurance carrier. For those who have done this before and received savings on their insurance, please advise. How were you able to work with your insurance broker and, in turn, lower the current premium? Thanks for the help in advance! 

-Castenzio