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All Forum Posts by: Michael Z.

Michael Z. has started 1 posts and replied 2 times.

Post: Insurance on multiunit apartments

Michael Z.Posted
  • Houston, TX
  • Posts 2
  • Votes 0

@Michael Pittman @Jason Bott

Thanks for the insight.  A few follow up questions...

What should I expect from them? Will they want to visit each site before giving a quote? Can they utilize the listing, engineering or maintenance records, roof warranties, valuation, etc at all? 

Also, what sort of documentation will I be expected to provide them? Given the region and frequency of hurricanes/flooding will I need some sort of history of how the property faired during bad weather or will they research that themselves?

Thanks again! 

Post: Insurance on multiunit apartments

Michael Z.Posted
  • Houston, TX
  • Posts 2
  • Votes 0

Hello,

I've been listening to the BP podcasts for months and browsing the forums for questions, the community has been great!

I have a question regarding insurance pricing for multiunit complexes in the Houston / TX gulf coast region. I'm looking to purchase my first property and am trying to get a realistic cost estimate on my expenses. Is there a general rule of thumb of price per sq ft rented? or number of units rented within the same property? 

Is the best thing to do here really reach out to insurance companies and ask for quotes on a property that I don't even own yet? 

Thanks in advance.

Michael