Luis Silva
Multi-Family Insurance Question - Replacement cost/Repair Cost
Hi all, I hope all is well! Thank you for taking the time to review my post. I have an insurance related question. Please see below:Property type: 3 UnitLocation: Kansas City, KSYear built: 1911 (older property)Facts:...
John Underwood
STR replacement cost insurance with increased building costs
I just received my Foremost insurance policy for our STR Lake house.We have replacement cost insurance, but the amount seems low in today's costs to rebuild. Our Lake lot is a good chunk of the value but still I wonde...
Jill Haselman
Four Unit MF Insurance costs?
Just renovated a four-unit MF that now has a value somewhere around $1M in Delray Beach, FL. I'm getting insurance quotes of $9600/year. It's not owner occupied and does have a very small pool. Is this normal?
Joshua Bailey
Insuring rental without replacement cost.
Has anyone insured a rental property for only loss of the building without replacement? Insurance rates are through the roof due to cost of material they say. Thinking about insuring without replacement until rates dr...
Parker T.
Insure Rental at Replacement Cost
All,
I'm putting a bid on a foreclosure today at 30k. The insurance company quoted the replacement cost at 160k and with everything else factored in a quote of $94/m. This seems extremely high and doesn't fit...
Alex Brookbank
Costs for Homeowners Insurance (esurance?)
Just a quick question if anyone is experiencing the same price ranges I am. I have a couple multi-families (one duplex, one triplex).My annual premium for my first property, a duplex is about 1,100. My second property...
Sam Zawatsky
Liability Insurance requirement and costs
I am looking into getting liability insurance, as a property manager in Illinois that I am looking to work with requires it from owners. Is this usually a requirement that property managers require in certain area, or...
Nate O'Neil
Looking To Control Insurance Costs
Own properties in 6 states and have individual policies on each unit with one of the big national insurance carriers. I get no multi-policy discounts/economies of scale. What insurance providers offer the best rates...
Account Closed
Insurance Amount Coverage? Replacement Cost
I'm a bit confused by the amount of insurance I should have on my buildings. Currently, I have a duplex with a value of 150,000. My insurance agent has me hooked up with 350K in coverage as replacement cost. This s...
Chris Sayadian
ACV vs Replacement cost insurance?
I am reviewing my policies and most likely changing companies. Currently all of my policies are replacement cost. I am considering switiching to ACV. I am buy and hold and have no intention of getting rid of any of my...