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Updated almost 5 years ago on . Most recent reply

Chris Baxter's profile image
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Chris Baxter
  • Rental Property Investor
  • from Port Coquitlam, BC
  • Member since Jan 3, 2017
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Chris Baxter
  • Rental Property Investor
  • from Port Coquitlam, BC
  • Member since Jan 3, 2017
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Chris Baxter
  • Rental Property Investor
  • Port Coquitlam, BC
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Canadian Real Estate

Insurance premiums: huge increase for multi-familiy in NB

Chris Baxter
  • Rental Property Investor
  • Port Coquitlam, BC
Posted

I just received a renewal notice for insurance on one of our properties, a 22 unit MF in New Brunswick.  The premium for the building portion of the policy has gone up by 50% over last year without increasing the valuation of the building.  Is anyone else seeing this? Any recommendations on brokers that handle MF in Atlantic Canada? 

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Roy N.
  • Rental Property Investor
  • from Fredericton, New Brunswick
  • Member since Apr 27, 2013
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Roy N.
  • Rental Property Investor
  • from Fredericton, New Brunswick
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  • Fredericton, New Brunswick
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Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
ModeratorReplied

@Chris Baxter

Reach out to A.P. Reid (Nicole Morgan) and compare policy/rates ... they have a specific program for landlords.

  • Roy N.
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