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Updated about 8 hours ago on . Most recent reply

User Stats

22
Posts
8
Votes
Derrick Wortman
  • Rental Property Investor
  • Newton Falls, OH
8
Votes |
22
Posts

All Rental Properties with one insurance provider smart?

Derrick Wortman
  • Rental Property Investor
  • Newton Falls, OH
Posted

Hey All,

I currently have 6 properties under statefarm insurance and my personal home/auto/umbrella through Allstate. Farmers Insurance thinks it would be smart to have all of my policies through Farmers Insurance (my 6 of my Rental Insurance Policies, Home Insurance, Auto, and Umbrella). I feel like this is a bad idea, what if I have a claim on 1 rental and all of my other policies shoot up? Is this a bad idea?

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