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Updated about 1 year ago on . Most recent reply

Matt Eklund's profile image
Matt Eklund's profile image
Matt Eklund
  • Rental Property Investor
  • from Orange County, CA
  • Member since Aug 2, 2017
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29
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Matt Eklund's profile image
Matt Eklund's profile image
Matt Eklund
  • Rental Property Investor
  • from Orange County, CA
  • Member since Aug 2, 2017
Connect
Matt Eklund
  • Rental Property Investor
  • Orange County, CA
26
Votes |
29
Posts
Insurance

Insurance doubling from 2022?

Matt Eklund
  • Rental Property Investor
  • Orange County, CA
Posted

Hi,  is anyone else's insurance doubling from 2022 rates.  This is happening on all my properties as I go to renew.   What's happening in the insurance industry to cause this?

  • Matt Eklund
    • Memphis, Tennessee
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    Matt Eklund's profile image
    Matt Eklund's profile image
    Matt Eklund
    • Rental Property Investor
    • from Orange County, CA
    • Member since Aug 2, 2017
    Connect

    User Stats

    29
    Posts
    26
    Votes
    Matt Eklund's profile image
    Matt Eklund's profile image
    Matt Eklund
    • Rental Property Investor
    • from Orange County, CA
    • Member since Aug 2, 2017
    Connect
    Matt Eklund
    • Rental Property Investor
    • Orange County, CA
    26
    Votes |
    29
    Posts
    Matt Eklund
    • Rental Property Investor
    • Orange County, CA
    Replied

    Lenders are requiring a high $/sf replacement cost for insurance.   Last year the minimum was $65/sf and now it's $120/sf, hence the increase in premium.

  • Matt Eklund
    • 1 Vote
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