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Updated over 2 years ago on . Most recent reply

User Stats

52
Posts
13
Votes
Justin Holley
  • Investor
  • Whitefish, MT
13
Votes |
52
Posts

Travelers Insurance - Cancelling - No Claims

Justin Holley
  • Investor
  • Whitefish, MT
Posted

For several years I have had Travelers for many of my out of state self managed properties.  After years of on time payments and no claims I receive a letter stating unless I send them verification of professional management they are cancelling my policies at month's end.  I received this letter 4 days before month's end.  

Has anyone else had this experience?

Who are the most competitive insurance companies in Indiana for regular landlord insurance?

Thank you.

  • Justin Holley
  • Most Popular Reply

    User Stats

    1,166
    Posts
    888
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    Chris Davidson
    • Real Estate Agent
    • Boise, ID
    888
    Votes |
    1,166
    Posts
    Chris Davidson
    • Real Estate Agent
    • Boise, ID
    Replied

    @Justin Holley I have not had that issue, but what do they deem professional management (does 4 years self management qualify as professional status?) I would look up insurance brokers in the area you invest and get one of them to quote you. The nice thing about them is they are like a middle man and agent except they find who has the best rates and set up the policy for you. Since going to brokers it has saved me time and money. Also 4 days and like 2 business days that is ridiculous.

    Best of luck!

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