Multifamily Insurance Advice

[Audrey Johnson]

Looking for insurance advice-

I am due for insurance renewal next month, and between homeowner’s and flood it will be more than double what I was paying. I have a 4 unit building that is older but roof, electric and plumbing/piping have all been updated in the last ten years. Has anyone else renewed recently? I knew it would be more with the recent hurricanes, but the premiums they are wanting to charge are insane. Looking to see how other landlords are dealing with insurance increases, I know some have mentioned citizens. Thank you in advance!