Investor in New Hampshire and Maine

New Member Introductions
11yFollow

Investor in New Hampshire and Maine

Anthony Cennami
Strafford, NH · Member since 2015 · 18 posts · 2 votes

Morning Folks,

I recently relocated back to NH after a career move to NYC for about 20 years.

Since Feb I've been able to acquire 4 properties totaling 6 units. (Dover, Dover, Rochester, Berwick)

I'm looking to acquire 2-4 more units for winter projects (sfh rehabs or multi 2-4 unit that require improvement)

One of the issues I've run into is most of the insurance companies I'm dealing with do not permit wood or pellet stoves in investment properties. 

Can anybody recommend any insurers who are both reputable and permit this - in particular pellet stoves, which are installed in many homes already. 

Look forward to working with and learning from the BP community. 

Anthony Cennami

0Reply
25 views

8 Replies

Jump to latestLatest
  • Will Stewart
    Investor · MA · Member since 2014 · 164 posts · 114 votes
    11y

    '@Anthony Cennami I know plenty of people with them up here but had never thought about insurance... What about just closing them up in the rental properties so the tenants can't use them? 

    For what it's worth I use Anthony & Malcolm and insurance broker out of Haverhill MA they typically pair me with Safety.

    0Reply
  • Mark Nolan
    Professional · Carlsbad, CA · Member since 2012 · 12k+ posts · 1k+ votes
    11y

    @Anthony Cennami

    BP is full of useful resources such as forums and blogs. Welcome to the Bigger Pockets community-be sure to check out all the awesome BP blogs under “Learn.”

    0Reply
  • Mike HurneyPro Member
    Real Estate Investor · Boston, MA · Member since 2009 · 2k+ posts · 542 votes
    11y

    @Anthony Cennami Welcome.

    My insurers usually say no Stoves or Trampolines, they also want pictures of the heating system and under all the sinks.

    However in New Hampshire, Pellet/Wood burning stoves seem important.

    0Reply
  • Kevin Kovalsky
    Investor · Amherst, NH · Member since 2015 · 18 posts · 5 votes
    11y

    Welcome to BP @Anthony Cennami

    I cannot speak for the allowance of pellet/wood burning stoves (I don't have them in my Manchester, NH investment properties), however I have used Foremost and Vermont Mutual in the past.  Foremost seems to be most lenient.

    Note: Paramount Insurance Agency in Merrimack, NH http://www.samel-ins.com/about/pia.htm handles my insurance.

    Good Luck

    - Kevin

    0Reply
  • Ray HurteauPro Member
    Developer · Boston, MA · Member since 2013 · 128 posts · 66 votes
    11y

    @Anthony Cennami - if you're looking for places to rehab, why leave a pellet stove in the units?

    you might want to go to google maps, search the word "insurance" and find some local insurance companies and ask them.  someone i'm sure will make you pay a premium to insure it, but seems silly to pay extra...

    0Reply
  • Anthony Cennami
    OP
    Strafford, NH · Member since 2015 · 18 posts · 2 votes
    11y

    @Ray Hurteau these are rentals.  And I'm looking to leave them because renters love them compared to oil. 

    0Reply
  • Richard C.
    Bedford, NH · Member since 2012 · 2k+ posts · 1k+ votes
    11y

    Second the advice to look at Foremost.  I also got an excellent discount for having a fire prevention company do inspections/refills of detectors and extinguishers.

    0Reply
  • Kyle Tokasey
    Investor · Tempe, AZ · Member since 2015 · 304 posts · 19 votes
    11y

    @Anthony Cennami

    Hey there and welcome to Bigger Pockets!

    Keep networking and you'll find several people here that would love to help you out, you may even find a business partner.

    Good luck to you in your Real Estate Ambitions!

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free