Need help with Property Insurance for landlords in Detroit

[Linda Chov]

We may need to get some basic landlord property insurance. We just got word from the company now insuring us that there is going to be a small price increase in the policy. Turns out this small increase is 30%!!

Would really appreciate if anyone can recommend anyone who writes these policies in Detroit.

Thanks a lot!

[Brian Kantor]

I have worked with Dave Kaminski at domham.net and have been quite happy. We looked at both State Farm and AmWins policies. (Ended up with AmWins). You may also want to reach out to Matt Moylan of Thomas McGee Group. He's on BP and great to work with. 

Some things to consider, in general, about your policies. Increasing your deductible to lower your premium. I am now paying a $2700ish deductible to get my premium where i need it to be. I look at it as anything under $2700 being more of a CapEx issue, and not a claim, and if I need to make a bigger claim, that deductible wont matter.

Also, worth noting that there are 3x levels of policies. In layman's terms: a low, medium, and a high with regards to whether you're seeking the full value to completely rebuild the property from the ground up, retrieving your initial investment from the lost property via the claim or somewhere in between. I choose to be on the low end of that spectrum for a variety of reasons, and that will help to lower your premium as well.