Check out a company called Atlantic Mutual.. I use them personally - they have competitive rates and also cover for loss of use and will reimburse for rental incomes lost during that time.
Originally posted by William Edwards:
I am working on a deal to purchase my first 4-unit apartment building. I was under the impression that I could insure the property as an owner/occupant with a residential homeowner's policy. However, I learned on Friday that because I would hold the property in the name of an LLC instead of in my own name I would have to insure it under a commercial policy.
What do I look for in a good commercial policy? Are there any coverages that I should have or not have? Also, should I work with an independent agent/broker to shop for the best coverage deal or should I go with a specific insurance company?
