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Updated over 6 years ago on . Most recent reply
NREI Insurance - Mainly for rehabbers?
I have searched the forums for recommendations on a commercial policy for covering multiple SFR rentals (I have 8). Apart from SWBC and American Modern, I notice NREI listed but this one is mainly recommended for rehabbers. Is this company not a viable option for long-term rentals? Also will the commercial policy from all these companies have similar coverage?
Most Popular Reply
Hi @JJ Cole . Based on @Mehran K. this past weekend. He was very helpful explaining ACV and replacement cost policies. It looks like their prices are competitive for 1-4 unit single families. We are still working on the quotes right now and should get this soon this week. Their requirement is minimum $45/sf for actual cash value and $65/sf for replacement policy. All of our houses are for buy and hold.