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Updated 4 months ago on . Most recent reply

User Stats

5
Posts
4
Votes
Adam Kraft
  • Rental Property Investor
  • Chicago, IL
4
Votes |
5
Posts

Multifamily insurance agents in Chicago

Adam Kraft
  • Rental Property Investor
  • Chicago, IL
Posted

Hello,

I own a 3-unit building in Chicago (Humboldt Park). I'm currently paying $4100/year for insurance, and when it renews in October it will go up to $5500/year. That seems like a lot and I'd like to shop around -- can someone recommend an insurance agent or broker in Chicago?

Thanks,
Adam

Most Popular Reply

User Stats

5
Posts
4
Votes
Adam Kraft
  • Rental Property Investor
  • Chicago, IL
4
Votes |
5
Posts
Adam Kraft
  • Rental Property Investor
  • Chicago, IL
Replied

Hi @Jonathan Klemm, I'm currently with HomeSite, but they're dropping me because they no longer insure 3-flats. The $5500 quote is the cheapest one from my broker. The building is not owner occupied. If you can share your broker's contact info with me, that would be great!

Thanks,
Adam

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