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Updated almost 3 years ago on . Most recent reply

User Stats

30
Posts
13
Votes
Dennis S.
  • Rental Property Investor
  • Kansas City, MO
13
Votes |
30
Posts

Property Insurance for Triplex in Kansas City

Dennis S.
  • Rental Property Investor
  • Kansas City, MO
Posted

I am a new investor and am under contract on my first property, which is a Triplex.    

I am shopping around for Insurance for the property and am running into some higher numbers then I expected for the most part.  I have seen recommendations on BP for REIGuard, which looks to be a product offered by NREIG. 

I reached out to them and received what is by far the lowest price back on the quote, but after reading a couple threads here about the claims process seeming to require lawsuits to get anywhere I am more worried about it.  The recommendations here seem to all come from those who haven't had to work through a claim with them, so based on monthly cost alone.  Although they seem to be highly recommended here, I have not been able to find any examples at all of anybody having a good experience with their claims process.

Does anyone have any recommendations for other Insurance companies, or a broker that I could speak with for insurance in the Kansas City area?  This is an investment property only, and I own my own home on a separate policy.

Thanks for any suggestions and insight!

Dennis

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