Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

User Stats

100
Posts
53
Votes
Elizabeth Goff
  • Investor
  • Napa, CA
53
Votes |
100
Posts

Insurance options in Detroit? NREIG rates going sky high!

Elizabeth Goff
  • Investor
  • Napa, CA
Posted

I am acquiring another property in Detroit, and the quote that I got is 3-4x higher than a similar property I bought just a few months ago.  Quoting $300/mo!! (higher end property with $220 value, in rehab, but still).  She said all of the insurers were adjusting their rates due to higher than expected losses.

Looking for some other referrals to reputable insurers in Detroit so I can make some more calls.  Any referrals?

And if this change is indicative of renewal rates and rates going forward, Detroit is becoming much less attractive....

Loading replies...