NYC investment property insurance

[Jose A Escobar]

Hello everyone,

I need help in finding a single-family home insurance I am using it as an investment property. 

any help would be greatly appreciated. 

Thank you. 

[Cameron Moore]

Find an insurance broker in the area of the property. They are unbiased and know which carriers are competetive at any given time. 

[John Mocker]

Jose,

I echo Cameron's recommendation.  You need an Independent Agent that does business in NY.  It is especially important if the property is a Row House or Co-op.  Both have special considerations and are more common in NYC than other states.  Also, Independent Agents who write a lot of policies in a state tend to have more markets (insurance companies) for that state.  There are Regional Insurance companies that only operate in a few states.  I have found that those regional companies can often have competive rates for the Homeowners & Dwelling Fire (for fully rented 1-4 family properties) Policies

[Ecaterina Katerina Morosan]

Hi Jose, I just PMed you with our preferred insurance agents contacts in NY. Hope this helps!

[Kevin Wright]

Hi Jose, I would recommend talking to the broker that we use for all of our managed properties here in NYC, Chris Majcher at Greenpoint Insurance. I would add contact info for him but the forum won't allow.

He is by far the best connected insurance broker I've worked with. Worth reaching out.

-Kevin

Wright Realty Group

Brokerage | Appraisal | Management