This morning the HOA on one of my properties located in Colorado Springs informed the owners of a "Special Meeting Notice" to ratify an amended 2024 HOA budget due to an unexpected high insurance renewal. I reviewed t...
Despite having Zero claim history, my carrier issued a "non-renewal" notice for my properties in the western-Chicago burbs. Need to shop around and figured it was worth asking the community.TIA!
I know there have been posts regarding the ever increasing cost of insurance. I am seeing a different insurance issue. All of my buildings are three stories. Insurance is suddenly dropping me due to the buildings no...
A friend of mine owns a cell tower which pays him out $1,500 monthy. All the time these towers are upgraded (5G, etc) and telecom companies lease them out. Also after holding for some amount of time, often times you w...
Help! I know property insurance has gone up in certain locations such as Florida. But, our property Insurance has gone up across the board, across multiple states and in multiple asset classes including single tenant ...
Hey BP Community,Question for the commercial multifamily investors out there. What type of insurance coverage are you using to protect your asset? What should I be looking for in a good insurance policy for a small co...
I have a 4 unit under contract in central PA, not actually Pittsburgh but close to Altoona PA. My current carrier, State Farm, gave me a quote but agent also said they are probably not best carrier for this type of u...
We have a 15 unit apartment complex that we operate as a vacation rental. Having a hard time finding a new insurance carrier since we just received the 'non-renewal' letter from our existing carrier- they no longer wi...
My agent in Florida informed me that Universal Insurance Company of North America isn't renewing my policy for an Orlando rental property, which is apparently what they are doing for a lot of policyholders this year. ...
Hello BP. Does anyone have an insurance providers they would suggest for both LTR home insurance and an umbrella policy in San Antonio, Texas? Is there an advantage to working with multiple insurance brokers or do t...