All Forum Posts by: Isaac Kimsey

@Chris Seveney Chris, I agree somewhat. My issue is that replacement values on the quote are the same as last year. Also, Shreveport is as far as you can get from the coast and still be in Louisiana. I have rentals in Florida, and with new roofs, the premiums go down substantially.

I purchased an apartment complex near Shreveport last year. The insurance company that I used quoted my about 40% higher for the property than they had the previous year. the quote was for $11,345. We purchase the property for $750,000. This year quote came back at $19,536. This really surprised me as we have been in the process of renovating the property. There are 12 quads. We have replaced 5 roofs in 2023. I assumed this would, if not lower the insurance at least keep it around the same price.

Does anyone know an insurance agent in the Shreveport area I could reach out to. I just need to know what I need to do to lower my insurance premium.

I live in the greater Orlando area. I bought my first rental about a year ago. Now I'm ready for my next step. I'm looking to network with like minded people.