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Updated about 1 year ago,

User Stats

4
Posts
1
Votes
Isaac Kimsey
  • Rental Property Investor
  • Orlando, FL
1
Votes |
4
Posts

I need insurance on a 48 unit building!!

Isaac Kimsey
  • Rental Property Investor
  • Orlando, FL
Posted

I purchased an apartment complex near Shreveport last year. The insurance company that I used quoted my about 40% higher for the property than they had the previous year. the quote was for $11,345. We purchase the property for $750,000. This year quote came back at $19,536. This really surprised me as we have been in the process of renovating the property. There are 12 quads. We have replaced 5 roofs in 2023. I assumed this would, if not lower the insurance at least keep it around the same price.

Does anyone know an insurance agent in the Shreveport area I could reach out to. I just need to know what I need to do to lower my insurance premium.

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