How to find a mortgage broker in your area?

[Petur Karlsson]

Hey everyone! 

At this point, I've cast a wide net and still no luck finding an insurance broker to "add to my team", so to speak. My rehab insurance is running out, my investment property is almost rent-ready and my current insurance broker is being unresponsive. I need to find myself a great deal on landlord insurance, umbrella coverage and a platform to send my tenants to for renters insurance.

 Does anyone experienced here mind sharing with us how they went about finding their rock star go to insurance guy/gal? need inspiration and insights to help me get over this stumbling block. Am I better off connecting with the big names in the insurance industry (State Farm, Nationwide etc.) or is there true benefit in finding a local broker that will do the leg of the work for me comparing rates and such?

Any insights are very much appreciated, thank you so much!

[Ryan Thomas]

@Petur Karlsson

Hey Petur,

I’m a commercial insurance agent and can help with 4+ unit properties. Please use an independent insurance brokerage who have access to multiple different carriers. Do not go the captive route (all state, State Farm, farmers). You will be very limited in the types of risks they can write as they don’t have access to other carriers and are limited in their territory. I just spoke to a client who owns 5000 units and they had to use 9 different State Farm agents to quote a 100M umbrella. Insane. Your go to guy will be a broker hands down. Let me know if I can help with anything.

Regards,