All Forum Posts by: Casey J Burkhead

Hey Todd,

I understand your frustration but it can be as easy as you think. There are now a few carriers who have package property products that you can 'somewhat' manage through an online database. As an agent, I still prefer to have my clients email me the requests so that I make sure the properties get properly covered. But they can also view the property list and print declarations any time. I have two relationships. One is through All Risks and the other is Seattle Specialty. I believe both have to be accessed through an Agent but I could be wrong. Also, they won't create an account for anyone with less than ten to fifteen investment properties. Another great aspect is that you can insure occupied and vacant on the same package. 

- Casey

Hi Ian,

I'm based out of Western PA but I do write business in Ohio and am appointed with Hanover.  I have a focus on investment real estate as well.

- Casey

Hi Preston,

Is the mortgage company asking for full replacement cost coverage on the home?  That tends to make things harder.  However, there are still options.

Hi Nick,

I have access to a program through All Risks that is very competitive.


Casey

Hi Pedro - I wouldn't have even given my client the prices for the other options considering the cost difference is so little.  $1M is the way to go.  Your liability exposure is so much higher with a rental compared with a primary residence.

@Ryan Moore, it depends on whether the buildings are on the same deed or not.  If they are all on the same deed, they can be insured on the same policy.  If not, they should be insured separately.

Hi @Samantha Soto,

You would only put the two buildings on two separate policies if they are deeded separately.  If both buildings are on the same deed, they can be insured on the same policy.

It is common for most standard carriers to not insure more than 4 rental properties or more than 8 units total.  There are some that will go beyond that though.  Safeco and Liberty Mutual come to mind.

- Casey

Hi @Jeremy Blackman,

It depends on the insurance company and how you have it insured.  There are companies who will insure homes on standard homeowner's policies with a business entity listed as the first named insured with no impact to the premium.

Same here. Never any issues with SFH or Deplexes in Ohio.

Hi Lauryn,

I have never had that experience in Ohio.  Is it an 8 unit building?  If so, it's probably a commercial policy and depending on the company, they may not allow monthly payments.  What company is the quote through?