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All Forum Posts by: Michelle Bowes

Michelle Bowes has started 1 posts and replied 2 times.

Insurance

Post: Insurance on a residential 10-plex

Michelle BowesPosted
  • Lincoln, NE
  • Posts 2
  • Votes 2

Yes we are working with 2 local brokers but quotes are exorbitant. I did find a couple of investor friendly insurer options on this site so hopefully that bears a couple good options. Thanks!

0 Votes
Lincoln, Nebraska
Insurance

Post: Insurance on a residential 10-plex

Michelle BowesPosted
  • Lincoln, NE
  • Posts 2
  • Votes 2

We own a residential 10-plex in a small, safe, Nebraska rural community. Our insurance recently off-loaded all multifamily units in the US leaving us hunting for a reasonable replacement. Unfortunately, quotes are coming back at 3x the current cost ($3300/year). Can anyone recommend an insurer that is a bit more reasonable? The building is in great condition with a new roof and is professionally managed. Only 1 claim on our books. Thank you in advance!

2 Votes
Lincoln, Nebraska