Best insurance rates for proprietor policies within NY?
I have a 2 and a 3 family investment houses contained by Amsterdam NY and I want to know what insurance companies have the lowest rates. Currently I'm with Allstate. Both houses are dated, completely updated, and in great shape.
Answers:
Yeah, you're not going to find insurance companies all excited in the region of writing stand alone 2 & 3 family rental properties.
And with weak houses, it's not going to be cheap.
You probably already know that. You should be getting quotes from a local to you, independent agent, but they're probably going to tell you the same point in nicer words - rental properties are the dregs of the insurance world. Agents write them as part of a full insurance collection, but they're tons of work, tend to be LOTS of claims, and tend to lose money for insurance companies. Agents who write ONLY rental properties, go out of business pretty quickly.
Most carrier will write only one or two properties in adding together to your primary homeowners. Foremost insurance will write as many as you want - on a less broad policy, for more money. www.foremost.com to find an agent practical you.
Related Questions:
Answers:
Yeah, you're not going to find insurance companies all excited in the region of writing stand alone 2 & 3 family rental properties.
And with weak houses, it's not going to be cheap.
You probably already know that. You should be getting quotes from a local to you, independent agent, but they're probably going to tell you the same point in nicer words - rental properties are the dregs of the insurance world. Agents write them as part of a full insurance collection, but they're tons of work, tend to be LOTS of claims, and tend to lose money for insurance companies. Agents who write ONLY rental properties, go out of business pretty quickly.
Most carrier will write only one or two properties in adding together to your primary homeowners. Foremost insurance will write as many as you want - on a less broad policy, for more money. www.foremost.com to find an agent practical you.
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