- Joined
- Oct 17, 2007
- Messages
- 295
I am in the process of getting a renewal quote for my property portfolio. My carrier is Economical. I am told that they are losing the flavor for insuring investment property as this sector has been losing money. The quote has my premiums almost doubled. Also a significant increase in deductibles.
I was proposed an alternative. Some insurance companies allow a number of rentals to be added to their home owners policy. They haven't had the same increases as the commercial side. This is something we are still looking into.
There is no doubt that the insurance companies will be clawing back any losses they may have taken in 2013.
A few questions;
Who is the REIN recommended insurer?
Any feedback on their experience with them?
Does anyone else have any feedback regarding what they are doing to combat the upcoming rate hikes?
Thanks in advance.
I was proposed an alternative. Some insurance companies allow a number of rentals to be added to their home owners policy. They haven't had the same increases as the commercial side. This is something we are still looking into.
There is no doubt that the insurance companies will be clawing back any losses they may have taken in 2013.
A few questions;
Who is the REIN recommended insurer?
Any feedback on their experience with them?
Does anyone else have any feedback regarding what they are doing to combat the upcoming rate hikes?
Thanks in advance.