See if Erie Insurance services your location.

While this pertains to HUD insured and assisted multi family housing I tend to believe this to be good enough for all other property types.  

Still in the early stages of conversation but got some beginning information and wanted to see if this was worth pursing:Asking Price: $550,000 (I already assumed that was too high, trying to figure out a reasonable price to offer)Income: $4000 a month (believe there is potential for rent increase (waiting on specifics of each unit))Expenses: $900 a month (Water, Garbage, Taxes, Insurance, Maintenance, Pest, & Septic) Self- ManagedNOI: $3100 a monthCap Rate: 8.72%Stable TenantsDoesn't need major workGood Area, Decent SchoolsQuestions:1) What is a fair win-win offer?

Oftentimes in Sheriff's sales the final judgement amount is published whereby you can see how much the bank is owed, including outstanding balance, interest, late fees, legal costs, corporate advances for insurance, taxes, etc. 

With long-term rentals, you are really only responsible for 4 things: Taxes, Insurance, Management, and HOA (if there is one). 

Do insurance companies make money by paying out claims?

My insurance agent suggested liability umbrella over my vacation rental property, "life," and my single family long term rentals with American Alternative Insurance Corporation.  

I think they work well with the insurance claim as well. 

Don't get me started on the others.The worst part is that for not much more money you can find something decent on the MLS if you do some digging, from a homeowner that probably took care of it, and using a broker who doesn't have a conflict of interest.

Can anyone recommend a great insurance broker in Tampa Bay area who specializes in investment property?