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Updated about 2 months ago,
Insurance company ideas?
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