Colorado Rental insurance

[Todd Schmitz]

Coming up on the new year and I am going to shop my insurance policies as I have 7 properties plus auto plus umbrella. I usually have pretty good luck saving at least 10% when I have shopped them in the past. Who do you use for your insurance in Colorado? I currently use Farmers and an insurance broker to insure my properties. My portfolio consists of 4 - 2 bedroom 2 bath condos, 1 - 3 bed 2 bath condo, 1 - 3 bed 2 bath single family. All in the Denver Metro area. Thanks and Happy Holidays to everyone on Bigger Pockets! Todd

[Linda Weygant]

@Matt M. - I have that special assessment insurance on mine too. A whopping $8 for mine, I think, so I think I'm getting robbed. You probably know this, but for others reading, the thing to bear in mind is that in only covers special assessments that are enacted due to a specific event. Like if there's a hail storm and the HOA needs funds to cover the insurance deductible on their end or along those lines. It doesn't cover special assessments enacted for neglect or deferred common area maintenance.

Imagine the sadness I incurred when one of my HOAs gave me a $2500 bill for what was essentially neglect and my HO6 (I think that's what it's called) didn't kick in.  :-(