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Updated over 4 years ago on . Most recent reply

User Stats

5
Posts
2
Votes
Jacky Hung
  • Investor
2
Votes |
5
Posts

Shopping for property insurance

Jacky Hung
  • Investor
Posted

My AllState rental property insurance cost keeps going up at the average rate of 17% per year for the past two years in the row and no sign of going down and I have zero claim.  That forced me to shop around for better deal.  I got quotes from Hippo which I have never heard of.  Their overall price is cheaper than any other insurance companies (Farmers, SafeCo, etc.)  Does any one have Hippo insurance policy and can share pros and cons?  By the way, my properties are in California.  Thank you!

Most Popular Reply

User Stats

5
Posts
2
Votes
Jacky Hung
  • Investor
2
Votes |
5
Posts
Jacky Hung
  • Investor
Replied

Just to give the feedback to my original inquiry.  Although Hippo is the cheapest, I ended up going with Guard (Warren Buffett's Berkshire Hathaway Guard Insurance).  Guard still saved me way more (~25% in average) on my residential multifamily properties comparing to AllState.

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