All Forum Posts by: Owen Rosen

I have the same issue. I am paying around $450 per month for a 4plex in Columbus Ohio. If anyone knows good insurance brokers, that would be great. 

In a quote for an umbrella policy, when I see it in writing it is labeled a personal umbrella policy with our primary home cars etc. Our rental properties are listed as well, but those are owned in an LLC. It didn't occur to me when I shopped for this policy, but will our rentals even be covered due to different ownership?

 I think he is an independent broker.

Why? It changes things?

I was just surprised that when I asked to change the policy to rental, the first thing he asked was if there was a damage after the hurricane

Hi guys, so I had a neighbors tree fall on the roof of my rental. I fixed the roof myself out of my own pocket.

I called the insurance broker  and he straight asked me if there was a damage after the hurricaine, so I said a tree fell but I fixed it myself out of my own pocket. But  he said he still has to report it as a loss to the insurance company. Is it a common practice to report it as a loss even though I fixed it out of my own pocket?

Good afternoon! We are looking to close on a property towards the end of this year or at the start of 2025. Can you please send me over any recommendations for insurance agents in Ohio. Thank you.

Currently in contract to close on my first duplex but the Landlord insurance cost took me by surprise. The highest quote I got for my duplex was $2600 annually and the lowest was $1300. The mid range is around $1950. I want to go for the lowest but I also want to make sure that I am appropriately protected. With all the specifics being the equal, how could the range be so wide? Utica National Insurance Group is the one going for $1300. Any with good or bad experiences with them that you can share. Thank you so much!

I have all my properties with American Modern and Allstate.  Neither is taking on new landlord policies in Texas or Colorado (where my property located).  

Who do you use for individual SFH policies or commercial policy that could write a portfolio policy?

I am working with a hard lender on a purchase/reno and they require a builders risk policy even though 1 unit of the 3/4 will have a tenant.  Can anyone recommend a company that offers a builders risk policy to cover the construction period but then will also allow a cancellation and refund after work is finished to convert into a standard landlord policy.  The insurance agency I work with is having trouble finding a company that understands that type of policy and also offers it.