Finding individual market insurance rates

[Mike Ferguson]

Hey guys,

When evaluating properties, what's the best resource for finding out the expected Property insurance rates? Individual quotes from insurers seems time consuming, and they don't seem to want to give a quote unless I'm already in the works of purchasing the property. Much thanks in advance!

[Jason Bott]

@Mike Ferguson 

Insurance is very difficult to estimate across multiple markets.  If you in a single market, it is very easy.

A few possible solutions,

1). There are several national insurance programs that could quote multiple states all at one time.  You could get one of these quotes and use those #'s as estimates when vetting you possible purchases.

2) locate a national commercial broker like myself and just ask for going rates. I currently have several hundred REI clients in 32 states and could look up going rates at my desk very easily without going through a quoting process.

At the end of the day, it's still a bunch  of work for you just to get estimates.

Best of luck