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Updated about 2 months ago,

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Tom Rowe
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Insurance company ideas?

Tom Rowe
Posted

Bought a 5 plex in 2022 insurance was $1500/year (which was low).  Guard is not renewing the policy.  My best quote is at 17,000/year! Property is worth around 1.2 to rebuild.  Location is Fairplay Colorado.  LTR tentants, new everything as all units were rehabed.  However building built in 1922.....

I have tried THREE (17,000), steadily can't find a carrier, Statefarm, Farmers, Amfam.  

Who would you recommend for small multifamily? Thanks for the Help

Tom

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