Has anybody considered having no insurance?

[Steven Westlake]

With this last round of insurance increases we are paying almost $50 per month per apartment. I am considering how hard it is to collect anything when theres a problem. how much the deductible is means I’m already covering all the smaller items. Then every little claim means my rate climbs again. Not to mention the paperwork pain involved with each claim

Any thoughts on just not having any insurance at all, or just some sort of liability and really high deductible ?

With 6 apartments were at $3600 per year

[JD Martin]

Quote from @Steven Westlake:

With this last round of insurance increases we are paying almost $50 per month per apartment. I am considering how hard it is to collect anything when theres a problem. how much the deductible is means I’m already covering all the smaller items. Then every little claim means my rate climbs again. Not to mention the paperwork pain involved with each claim

Any thoughts on just not having any insurance at all, or just some sort of liability and really high deductible ?

With 6 apartments were at $3600 per year

 If you're not all cash your loan holder won't allow it. If you are in all cash I think it would be crazily short sighted unless you own a condemned slum. $3600 is not terribly high, frankly.