Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 5 years ago on . Most recent reply

User Stats

3
Posts
1
Votes
Bill Chichenoff
  • yakima, WA
1
Votes |
3
Posts

Insurance non renewal

Bill Chichenoff
  • yakima, WA
Posted

I have a small motel, 14 units , and have never had a claim. This building was built in 1955. Just under 6000 sq ft. Building is cement block and everything is decent. Farmers Insurance pulled out of the hospitality insurance market this year. The Farmers agent has been looking for a different policy but nothing yet. 

I called the previous insurance company which is an independent agency and they haven't found a policy yet. They have been looking for about 45 days. 

Should I be considering using an online insurance agency. I have used Progressive for my home and autos online with good results. 

 Thanks

Most Popular Reply

User Stats

149
Posts
55
Votes
Justin Bauer
  • Investor
  • Cannon Falls, MN
55
Votes |
149
Posts
Justin Bauer
  • Investor
  • Cannon Falls, MN
Replied

I am in Minnesota and have a small 16 unit have had the the same problem the insurance Industry. American Family pulled out of that Market and Auto Owners did not pull out they just doubled the premium. Find a Broker that can shop the industry.We are with Wadena IMT out of Iowa now.

Loading replies...