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Updated over 1 year ago,
Insurance rates increased 52% over the last 2 years for an apartment building...
I'm sure I'm not the only one who has noticed, but insurance rates are bananas right now! I just got my statement for the upcoming year and the premium has increased 52% over the past 2 years. I'm looking for any recommendations of insurance companies in Minnesota for multifamily real estate. This particular building is a 15 unit building built in the 1990's in great condition.
I'd love to know if anyone has a great insurance broker or company that I should look into. Thanks so much for any input.