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Updated almost 8 years ago on . Most recent reply
Insurance company suggestions?
<may be considered political, but that's not my primary intent>
I currently have our insurance for our three rental properties at State Farm. I don't want to give State Farm our business any longer, because of their association with ALEC. I don't want to discuss politics here, but I do want to know what companies are favored by real estate investors who do not wish to support any corporations associated with ALEC.
http://www.sourcewatch.org/index.php/ALEC_Corporations
http://www.sourcewatch.org/index.php/Corporations_that_Have_Cut_Ties_to_ALEC
So, I'm looking for suggestions for alternative companies good for insuring rental properties. We are in Madison, Wisconsin so they'd need to operate here or near here.
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@Tanya F. My agent has me with Auto Owners, probably one of the most reasonable price, and they will still do cash value base instead of replacement cost, my typical 2-3 bed SFR in town insured for $60K is like $260/year with rental risk, the ones with wood burning accessories like fireplaces, and wood furnaces are $350/year. we have about a dozen with them right now, hope this helps. at some point State Farm wont cover you anymore anyway, they dont like rental risk, (i have a friend thats an agent with them)
@Account Closed I make many of my buying decisions based on political contribution, if you spend your money at a business that contributes to a PAC or organization, a portion of the profit from your sales goes to that cause. I refuse to patronize Hallmark, Sara lee, Buffalo Wild Wings, Applebees, and a bunch of others, because the contribute to anti 2A efforts, I am a Right leaning Libertarian, and avoid doing business with people and companies that support left leaning causes, i voting with you pocket book sends a message, and I have to feel good about where i spend my money.