New Jersey Landlord Insurance for Rental Properties under LLC

[Sameer Raina]

Hi folks - need some advise. I recently purchased 2 rental properties in condominiums in Essex County, New Jersey. Both properties will be tenant occupied from April 1. My problem is that i cannot find an insurance carrier for Landlord Insurance. I have spoken to about 10 insurance companies and all of them have declined to provide a quote for "investment properties that are in condominiums and are under a 2 member LLC". Most agents do not know why...they just say it is company policy.

Can someone shed light on the logic behind this? i cant seem to figure it out.  How should i approach this? Any recommendations on insurance agents that handle this type of transaction will be most appreciated as well.

Thanks.