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Updated almost 8 years ago on . Most recent reply

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623
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Tanya F.
  • Rental Property Investor
  • Madison, WI
336
Votes |
623
Posts

Insurance company suggestions?

Tanya F.
  • Rental Property Investor
  • Madison, WI
Posted

<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.

Most Popular Reply

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931
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597
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Scott Schultz
  • Rental Property Investor
  • West Bend, WI
597
Votes |
931
Posts
Scott Schultz
  • Rental Property Investor
  • West Bend, WI
Replied

@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. 

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