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Real Estate Investing Forum
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This forum is for discussing real estate investments, real estate investing, creative real estate techniques, and all other real estate investing related subjects. Your Hosts: Jim Ingersoll and Marko Rubel
Topics include Foreclosures. Subject To, Short Sales, and Lease Options. |
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#1
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Posted by souk on July 11, 2005 at 15:49:29:
Here's the problem ( these property are in the State of Louisiana); AllState will only insured up to 4 rental dwelling property at the rate of $1153 per property/per year (duplex building counts as 1 property). The 5 fifth duplex quote from American Modern Insurance Group, a subsidiary of AllState. AMIG will not write a policy without wind and hail coverage; Fire and liability coverage is $2335 per year and wind and hail coverage is $874 (a total of $3209 for 1 property--that's insane). These coverage will cost over $7000 a year. Where do you get affordable coverage for your investment property? |
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Posted by dealmaker on July 11, 2005 at 21:59:21:
NEVER use a "captive" insurance agent. Go to an independant. Your politicians are as much in the grip of the insurance companies as are Texas'. dealmaker |
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