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Rental Insurance Question
I currently have a separate insurance plan for each of my 12 SFH properties. The properties are all within 10 minutes of each other (east side of Raleifgh,NC) so in the same geographic area, but not all next to one another. Hurricanes can be an issue for us since we are 2 hours from the coast, but generally they die down by the time they reach us.
What I am wondering, is there a way to have 1 insurance plan for a specified dollar amount that can include all the properties. I had talked to my agent, but he said nothing like this existed. I imagine it as an umbrella plan that would be valued based on some percentage of the total value of all the properties. I would only consider it if I was able to save a significant amount on the policy, as I am accepting some level of additional risk if something happened to all properties.
Has anyone heard of something like this, or does anyone have a policy like this?