Insurance companies for rentals

[Brian King]

I just went under contract on a 4 unit apartment building with a single family home on the same lot. The buildings need some TLC, but nothing major in my eyes. 

My agent got the declaration pages from the current owners policy. He emailed current carrier asking if they could re-write current policy to me. They came back and said it was greater than 50 years old so they wouldn’t insure it. Kind of crazy to me they’ve insured it for years, but with a new owner they won’t. Any advice?