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Updated over 2 years ago,

User Stats

295
Posts
34
Votes
Burt L.
  • Real Estate Investor
  • Steamboat, CO
34
Votes |
295
Posts

Insurance On Small, Older Multifamily- I"m Getting Crazed Quotes

Burt L.
  • Real Estate Investor
  • Steamboat, CO
Posted

HI BP - There is another very similar property nearby that has hazard insurance and cost less than half as much despite being larger, but is 15 years newer. The one I"m trying to get coverage on is a 60 year old brick building. I've tried State Farm who has the other and Farmers and they're over double the cost of the property that is 45  years old. 

Who is writing policies that are competitive in the Colorado market? State Farm and Farmers both admitted they "weren't competitive", which was interesting to hear coming from insurers themselves. 

thank you. 

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