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Updated almost 8 years ago, 02/19/2017

User Stats

44
Posts
20
Votes
Jairo Paredes
  • Rental Property Investor
  • North Bergen, NJ
20
Votes |
44
Posts

Condo insurance coverage for LLC in Florida

Jairo Paredes
  • Rental Property Investor
  • North Bergen, NJ
Posted

Hi all,

I recently purchased a condo in a new development in Miami, Florida. Property is under an LLC formed in FL. Trying to get insurance coverage that includes liability coverage. Condo (residential) has just been rented with a newly signed 1 yr lease.

Attaining insurance in Florida is a bit tougher than in NJ, particularly for an LLC.

Any insight would be appreciated.

Thank You.

User Stats

2,493
Posts
1,427
Votes
Jason Bott
Pro Member
#2 Insurance Contributor
  • Insurance Agent
  • Nationwide
1,427
Votes |
2,493
Posts
Jason Bott
Pro Member
#2 Insurance Contributor
  • Insurance Agent
  • Nationwide
Replied

@Jairo Paredes I know of an option where you can get $1M of liability coverage for about $120 per year.  I'll send you the link.

  • Jason Bott
  • User Stats

    173
    Posts
    75
    Votes
    Jared Townsend
    • Insurance Agent
    • Orlando, FL
    75
    Votes |
    173
    Posts
    Jared Townsend
    • Insurance Agent
    • Orlando, FL
    Replied

    @Jairo Paredes

    I have a few options to insure for both liability and property coverage. The LLC certainly limits the options but there are a few companies that will still do it.

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    User Stats

    40
    Posts
    16
    Votes
    Mehdi Khachani
    • Rental Property Investor
    • Miami, FL
    16
    Votes |
    40
    Posts
    Mehdi Khachani
    • Rental Property Investor
    • Miami, FL
    Replied

    I can put you in contact with my insurance broker if you'd like. I highly recommend him. 

    User Stats

    44
    Posts
    20
    Votes
    Jairo Paredes
    • Rental Property Investor
    • North Bergen, NJ
    20
    Votes |
    44
    Posts
    Jairo Paredes
    • Rental Property Investor
    • North Bergen, NJ
    Replied

    Mehdi Khachani can you send me the info? I'll be in miami next week and would like to get this done. Thanks.

    User Stats

    40
    Posts
    16
    Votes
    Mehdi Khachani
    • Rental Property Investor
    • Miami, FL
    16
    Votes |
    40
    Posts
    Mehdi Khachani
    • Rental Property Investor
    • Miami, FL
    Replied

    Here it is... highly recommend him. 

    David Kramarz

    Anderson & Jacoby Insurance Consultants

    7855 SW 104th St. Suite 100

    Miami, FL. 33156

    Account Closed
    • Investor / Real Estate Agent
    • Miami, FL
    55
    Votes |
    81
    Posts
    Account Closed
    • Investor / Real Estate Agent
    • Miami, FL
    Replied

    Jason Bott could you share the information for 1M liability coverage for around $120.