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All Forum Posts by: Adam Kraft

Adam Kraft has started 1 posts and replied 5 times.

Insurance

Post: Multifamily insurance agents in Chicago

Adam KraftPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 5
  • Votes 4
Quote from @Tom O.:

What insurance company did you get? How many units is this for? I'm having trouble with the larger over five unit buildings


 The company is Zurich and the building is a 3-flat.

0 Votes
Chicago, Illinois
Insurance

Post: Multifamily insurance agents in Chicago

Adam KraftPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 5
  • Votes 4

Thanks for all the responses! I decided to go with @Owen Rosen. He was fantastic to work with -- he found me an insurance plan that was cheaper than my previous one. I highly recommend him! 

1 Vote
Chicago, Illinois
Insurance

Post: Multifamily insurance agents in Chicago

Adam KraftPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 5
  • Votes 4

Thanks! It's in East Humboldt Park, fully rented with good cash flow.

1 Vote
Chicago, Illinois
Insurance

Post: Multifamily insurance agents in Chicago

Adam KraftPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 5
  • Votes 4

Hi @Jonathan Klemm, I'm currently with HomeSite, but they're dropping me because they no longer insure 3-flats. The $5500 quote is the cheapest one from my broker. The building is not owner occupied. If you can share your broker's contact info with me, that would be great!

Thanks,
Adam

1 Vote
Chicago, Illinois
Insurance

Post: Multifamily insurance agents in Chicago

Adam KraftPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 5
  • Votes 4

Hello,

I own a 3-unit building in Chicago (Humboldt Park). I'm currently paying $4100/year for insurance, and when it renews in October it will go up to $5500/year. That seems like a lot and I'd like to shop around -- can someone recommend an insurance agent or broker in Chicago?

Thanks,
Adam

1 Vote
Chicago, Illinois