All Forum Posts by: Mark Boettcher

Yes I should follow up on this.  It took a whole month to get quotes! Which surprised me.  the first quote I got would "give" coverage for $5500/yr as opposed to the offending $3300 I was trying to avoid. (Hear sarcasm)  But they would also require I "cover" the stairs within a year.  The second company was $4900 with no strings attached. The third came thru at $2100 (very similar to what I was used to) also with no strings. They also had realistic numbers for values on the properties.  The first two valued the properties at 2-3 times their real value.  My original agent called that a "moral hazard" because it would tempt people to try to collect.  The company I went with I found through another Bigger Pockets member and I am very glad I did.

I will check them out Thanks!

Thank you.  That's a relief!  I have begun contacting other agents and was wondering if I would continue to hit this problem.  I appreciate your fast response.

I was just informed that the insurance for one duplex (with an outside stairway to the upper) will cost as much as two other mixed residential/commercial properties combined.  Anyone experienced this? I had Rural insurance and they just changed the way they write rentals, and my agent retired so I have a different agent.  She is experienced, just new to me.