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Updated about 8 years ago on . Most recent reply

User Stats

20
Posts
7
Votes
Julie Fagan
  • Port Sanilac, MI
7
Votes |
20
Posts

Michigan Landlords - who are you using for Rental Property Ins???

Julie Fagan
  • Port Sanilac, MI
Posted

I am getting some outrageous rates.  We are at 8 units and about to get into a 9 unit apartment building.  Our policies are spread out among 3 providers so far.  Each time we take the lowest bidder as the rates seem to be all over the map.  The current owner of the 9 unit is getting rates at $35 per unit per month and I'm being quote $80 per unit per month.  Every provider acts like Rentals are taboo or an issue and high dollar.  Is there not an insurance company out there that pursues this type of work, instead of over pricing it?  

Let me know who you might use in Michigan for insurance on rentals.  Are there companies out there that will do a blanket or portfolio policy?  Are there certain limits I should be looking to maintain or lower to get a better price.  I'm ok with $1000 or $2500 dedcutibles to get very reasonable long term rates.

Thanks all - I love BP!

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