Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Insurance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

182
Posts
129
Votes
Caroline C.
  • Investor
  • Jacksonville Beach, FL | NYC | Tamarindo Costa Rica
129
Votes |
182
Posts

Looking for recommendations for liability insurance agent for NYC

Caroline C.
  • Investor
  • Jacksonville Beach, FL | NYC | Tamarindo Costa Rica
Posted

My State Farm personal umbrella liability insurance is lapsing b/c I now have 5 rentals and the maximum is 4. Rentals are owned personally, not as part of an LLC. They are financed at a nice rate, so I don't want to put them in an LLC and lose that financing. But I also don't want to forego liability insurance. So I need to find a personal liability insurance carrier that will cover my 5 rentals (and more as I am looking to continue to buy), plus my residence. Any recomendations for an independent agent in NYC? I got 2 quotes for an RLI umbrella but the max is 5 rentals on that so I'll do it if I can't find anything else, but ideally I'd rather go with a policy that will grow with my holdings. Thanks!

  • Caroline C.
  • Most Popular Reply

    User Stats

    2,072
    Posts
    1,685
    Votes
    Darren Sager
    • Investor
    • Tampa, FL
    1,685
    Votes |
    2,072
    Posts
    Darren Sager
    • Investor
    • Tampa, FL
    ModeratorReplied

    I have a great guy who I've worked with named Jason Hall.  What he's done best for my properties and for my clients as well is match the insurance provider who specializes in each property to save them money.  When you go with a provider like Allstate or Geico you're going to one stop shop and they may not be best at providing coverage for duplex or a six unit and hence you'll overpay for coverage with them.  Jason was able to get policies based upon each individual property to get the best coverage at the lowest rate possible and that was smart.   Let me know if you'd like his info.

  • Darren Sager
  • 862-208-2287
  • Podcast Guest on Show #48
  • Loading replies...