What type of insurance and where on earth to get hold of quotes?
I am looking to insure a small apartment complex 6 units. I have have several quotes from brokers telling me I need a commercial insurance. In reading the vocabulary, it does not meet my needs. Can any other apartment complex owners/managers share experience? What types of insurance and suggest a contact?
Thanks
Answers:
You involve a local, independent agent. When you say, the commercial policy doesn't meet your desires, what EXACTLY does that mean? A six unit apartment building IS a commercial risk. With commercial policies, you can pick and choose which coverages you want.
You enjoy to buy your insurance from someone who's licensed to sell insurance in your state.
But as you might hold noticed - habitational isn't exactly something insurance companies are crazy to write. The losses are higher, and the statement maintenance is WAY higher, so the premiums are ALSO high.
If you're comparing the coverage to a HOMEOWNERS policy, that's like comparing a cat to a parachute.
Call around to a few LOCAL, INDEPENDENT agents, and go gossip to them. Source(s): agent, 21+ years
Related Questions:
Thanks
Answers:
You involve a local, independent agent. When you say, the commercial policy doesn't meet your desires, what EXACTLY does that mean? A six unit apartment building IS a commercial risk. With commercial policies, you can pick and choose which coverages you want.
You enjoy to buy your insurance from someone who's licensed to sell insurance in your state.
But as you might hold noticed - habitational isn't exactly something insurance companies are crazy to write. The losses are higher, and the statement maintenance is WAY higher, so the premiums are ALSO high.
If you're comparing the coverage to a HOMEOWNERS policy, that's like comparing a cat to a parachute.
Call around to a few LOCAL, INDEPENDENT agents, and go gossip to them. Source(s): agent, 21+ years
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