Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 6 years ago,

User Stats

24
Posts
6
Votes
Glenn P.
  • Rental Property Investor
  • Gainesville, FL
6
Votes |
24
Posts

Insurance on a 6 plex - 5K?

Glenn P.
  • Rental Property Investor
  • Gainesville, FL
Posted

Hi

I own several multi family buildings in Central / North Florida and for example on an older duplex I pay $700 a year for insurance, which I feel is a good deal.  I am under contract for a 6 plex (built in the 1920's) in a different city but in the middle of the state as well and I am getting quoted for 5K a year for insurnace.

Is this what everyone is experiencing and any alternative ways to get some relief from that premium?  I'm a higher risk kinda guy, would really just want to make sure the loan would be paid off.  My other properties generate enough I don't need to worry about loss of income.   Not sure how much these items impact the premiums.  We tried changing the deductible levels but it didn't do much to the premium.  

Thanks for any suggestions.

Loading replies...