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All Forum Posts by: Chris Blank

Chris Blank has started 1 posts and replied 1 times.

Insurance

Post: How to reduce property insurance premiums?

Chris BlankPosted
  • Investor
  • Southern Pines, NC
  • Posts 1
  • Votes 2

Hi fellow investors,

I have multiple SFH investment properties in NC and it seems like every 6 months the insurance premiums keep creeping up. The property values in our town have seen a sharp rise in the last two years and our insurance company is now using a BS and greatly inflated 'rebuild cost' estimate to justify their increase in premiums. I do not file any claims and the increase in premiums are lowering my monthly cashflow. Seems like everyone else is profiting from my hard work and risk.

Is there a way to just use one 'umbrella policy' to cover my rental property insurance needs...or a better way that keeps my insurance premiums at a reasonable level? Any help is greatly appreciated. 

Chris

2 Votes