Managing Your Property
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 5 months ago, 08/09/2024
HELP - Insurance requiring Fire Alarm?
My old insurance just dropped me. Said that our property rebuild costs exceeded their maximum.
Now, while searching for new insurance through a broker, I'm being told that my building now requires a "Central Station Fire Alarm that reports to a Central Reporting Station".
Is this new requirement normal? Should I try and find another insurance broker? It's wild to me that this is suddenly a requirement.
I own a 4-unit residential property in the seacoast of NH.