Looking for Insurance recos for a 4 Unit and 8 Unit in Chicago

[Nick L.]

Hello BP,

I hope everyone had a great Thanksgiving holiday and wish everyone Happy Holidays!

I have two buildings in the Pilsen area of Chicago that I would like to shop insurance for. One is a frame 4 flat and the other one is a brick 7 unit building. My insurance premium was increased significantly a month after we closed on the building. I would like to shop around for new insurance for both buildings. Anyone have any recommendations for brokers or companies they can share?

Regards,

Nick 

[Jason Bott]

@Jeff Burdick Thanks for backing me up:)  The trick in that situation is to find an insurance company willing to do "Agreed Value" on the market value of the property.  This way, you can get Replacement Cost without insuring your 3 flat for some crazy multiple of the market value.