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Updated over 11 years ago on . Most recent reply
Insurance on Rental Properties - Multiple states...
I am purchasing properties in multiple states, and I currently have 2 in AZ, 2 in CO, and am covered with Liberty Mutual but I have reached their limit on writing up to 4 policies on rental properties. I have all of my personal insurance (car, home, umbrella) policies with them also. I will be purchasing in other states as well and would like advice on how to have them insured as I either have to find a new company for new properties or have to move them to receive multiple discounts.
Any and all advice is greatly appreciated!
Most Popular Reply
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There is a National Real Estate Investors Insurance company that I recently found in some old posts here on BP, and they have a couple BP members here as well. So far I have only had them for about a month but they have been great. They do monthly premiums so you can add a property and adjust coverage monthly if you need to.
Also the vacant property I'm currently rehabbing I had trouble insuring because it was vacant, that is not a problem for them and they have 1M/2M aggregate liability coverage for each property which was something else I was having trouble getting before I made the switch.
http://www.nreinsurance.com/
(I have no affiliation with this company, I'm just a current and happy customer)