Rental property insurance rates going up&up

[Scott Goulet]

Hey BP,

Question for everyone. I have 3 rental properties, 2 in florida and 1 in missouri.

I have a quadplex, a triplex, and a condo.

It seems like every year my insurance on all three properties goes up by 20-30%. Is this typical? What are you seeing as a standard insurance rate increase per year? I feel that if insurance rates go up by this much, every year, I would have to increase my rental rates just to try to keep the same amount of cash flow.

Please let me know what your thoughts are here.

Much appreciciated.

Scott G