Landlord Insurance Recommendations - Philadelphia

[Danial Qureshi]

Hello BP! My wife and I are under contract on our 1st SF investment property in Philadelphia. I was currently in the process of obtaining quotes for an insurance policy for the property. As I'm not living in the property and have plans to rent it post-rehab, I decided a landlord insurance policy would be the best fit. 

Are there any insurance providers anyone has worked with in the area that they would recommend? Ideally, I'm looking to get recommendations for providers in the Philly area but am open to any recommendations. Also, if anyone has general advice on policy limits and how best to structure a policy for an investment property, that would be very helpful as well.

Any guidance would be appreciated!

[Mike McCarthy]

@Danial Qureshi most of my insurance is through my local Allstate office. The prices have always been competitive and the (few) claim experiences have been overwhelmingly positive.

I’d always recommend a landlord policy, and a $1M umbrella policy over your home, auto and rental properties. The Umbrella policy is an inexpensive way to cover yourself for the hopefully rare liability claim.