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Updated over 7 years ago on . Most recent reply

User Stats

48
Posts
20
Votes
Ben Mizes
  • Rental Property Investor
  • Saint Louis, MO
20
Votes |
48
Posts

Best Insurance For Commercial Multifamily?

Ben Mizes
  • Rental Property Investor
  • Saint Louis, MO
Posted

My business partner @Luke Babich and I are under contract to purchase a 24 unit  property in south city  (all residential). 

We're not sure how the insurance process for commercial multifamily is different than residential multifamily. Do we contact the same people that we've been using for our 4plexes, or are there better options?

Can anyone recommend a good company / broker that we should talk with?

Thanks for the help!

Most Popular Reply

User Stats

2,494
Posts
1,431
Votes
Jason Bott
#2 Insurance Contributor
  • Insurance Agent
  • Nationwide
1,431
Votes |
2,494
Posts
Jason Bott
#2 Insurance Contributor
  • Insurance Agent
  • Nationwide
Replied

@Ben Mizes the commercial insurance market has a divide @ 4 units.  Meaning, most insurance Programs insure 1-4 units, or 4 units and up. 

Chances are the best insurance company for your smaller stuff will not be your best option for the 20 unit.

  • Jason Bott
  • Loading replies...