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Updated over 6 years ago, 07/01/2018

User Stats

20
Posts
5
Votes
Josh Jacobson
  • Accountant
  • Chicago, IL
5
Votes |
20
Posts

Chicago Insurance Agent

Josh Jacobson
  • Accountant
  • Chicago, IL
Posted

Hello,

I am in the process of buying my first real estate investment property in Chicago (southside, Cermak and Califronia) and am looking for an insurance agent I could use to get some quotes and eventually use to put insurance on the property, any suggestions?

Also, I'll take any advice on types of insurance to get?

Thanks everyone for the help in advance!

Josh

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

@Josh Jacobson the type of property will influence the best agent and coverage to get.

Is it a single family, mixed use, 10 unit ?   Each of these has its own ideal insurance program.

  • Jason Bott
  • User Stats

    20
    Posts
    5
    Votes
    Josh Jacobson
    • Accountant
    • Chicago, IL
    5
    Votes |
    20
    Posts
    Josh Jacobson
    • Accountant
    • Chicago, IL
    Replied

    Good point. Meant to include that in my post. It is a a 6 unit multi family.

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    User Stats

    85
    Posts
    42
    Votes
    Mark Shelstad
    • Flipper/Rehabber
    • River Forest, IL
    42
    Votes |
    85
    Posts
    Mark Shelstad
    • Flipper/Rehabber
    • River Forest, IL
    Replied

    I have had excellent results with Forest Agency in Forest Park. They write all over the metro area and are independent agents.

    User Stats

    20
    Posts
    5
    Votes
    Josh Jacobson
    • Accountant
    • Chicago, IL
    5
    Votes |
    20
    Posts
    Josh Jacobson
    • Accountant
    • Chicago, IL
    Replied

    @Mark Shelstad thanks! I'll reach out to them.

    User Stats

    197
    Posts
    130
    Votes
    Syed Lateef
    • Professional
    • Chicago, IL
    130
    Votes |
    197
    Posts
    Syed Lateef
    • Professional
    • Chicago, IL
    Replied

    @Josh Jacobson i received some good rates on my multifamily from Farmers Insurance on Damen & Foster in Andersonville  

    Agent owners name was George and he was helpful

    User Stats

    11
    Posts
    3
    Votes
    Eric Phillips
    • Investor
    • Spring, TX
    3
    Votes |
    11
    Posts
    Eric Phillips
    • Investor
    • Spring, TX
    Replied

    I have the same question, but for single family homes. Any recommendations?

    User Stats

    9
    Posts
    11
    Votes
    Ryan Maes
    • Chicago, IL
    11
    Votes |
    9
    Posts
    Ryan Maes
    • Chicago, IL
    Replied

    Independent agents are my go-to resource as they can shop all the carriers for better rates and limits based on your personal situation. Not to say that insurance carriers don’t provide value, I just find solace that I can go back to the same person if I decide to change carriers should rates go up or if I’m not happy with any claims processing from that carrier.

    Who I use: McCutcheon Insurance out in Mokena; they’re fantastic at walking you through the process from start to finish. They do commercial lines in addition to personal lines.

    There are plenty of independent agents to choose from in the Chicagoland area and elsewhere.