insurance options for Muti-family properties

[Karen Higgins]

Hey all! 

I'm new to Bigger Pockets and am very excited to be part of this community.  I'm looking for some guidance regarding insurance options for our multi-unit properties in Minnesota.  Our currently agency is requiring that we have an "apartment policy" for all properties that are > 2 units.  They are running $200+ per month per property, which seems a little excessive.  Our single family properties are able to be insured for $60-$70 per month.  Does anyone have any good recommendations for companies with more reasonable rates.  Thanks!

Karen Higgins

Higgins Investments, LLC

[David Moore]

@Karen Higgins

I insure my multi-unit building through NREIG insurance and one of my SFR. They only insure for rental properties. Their coverage, especially liability coverage, is great. They crushed the rates I got from local insurance agents.