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Insurance Advice Michigan
Hi all,
I own 2 investment properties in Westland, MI and have a total of 6 insurance policies including my home and auto. Costs are adding up really fast.
I work with a third party company that tries to get the best deals from various insurances they work with but Im noticing premiums are increasing with each new policy I add. Plus I don’t have buying power since I’m not dealing with one insurance. So I’m wondering if anyone has experience with other property investment friendly insurance companies with good rates before I start shopping around. Thanks in advance.
![Michael Smythe's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2781124/1694551690-avatar-michaels3052.jpg?twic=v1/output=image/cover=128x128&v=2)
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@Adnan M. try Simplified Insurance in Southfield
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... or Casey Bulak at Noel Selewski Agency in Grosse Pointe. I shopped around a but, and they came out on top - and haven't increased prices since.
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MSI(formerly Arcana) I use them for single family and 2-4s. Great rates plus I have a portal that allows me to quote and bind a policy in about 2 minutes! Their customer service leaves a lot to be desired but the rates are great and they’ve always covered claims.
For my multifamily properties I use Simplified.
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Real Estate Agent
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Quote from @Jim Wellington:Do you have to be a licensed agent to be appointed with MSI or can consumers get quotes and bind? I've never heard of MSI. Thanks.
MSI(formerly Arcana) I use them for single family and 2-4s. Great rates plus I have a portal that allows me to quote and bind a policy in about 2 minutes! Their customer service leaves a lot to be desired but the rates are great and they’ve always covered claims.
For my multifamily properties I use Simplified.
![Todd Goedeke's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/645839/1694565494-avatar-toddg27.jpg?twic=v1/output=image/cover=128x128&v=2)
@Jim Wellingtondoes MSI allow you to include or exclude certain coverages?