Obtaining Insurance For Rental Property

I am two weeks into the due dilligence period and am working insurance at this time. I've talked with two major providers (Allstate, Farmers) and neither is a great option due to price and various other details. I am looking for advice in this area and leads to companies that write policies w/o needing to cover your primary residence. Rates here in ND are genearlly higher than the rest of the country so perhaps I am being unrealistic. But any advice will be much appreciated. Thanks!

Comments(2)

  • LynLinz16th July, 2003

    Not sure what you mean about w/o covering primary residence
    but the way mine is set up is that I have the libility coverage for rentals as a rider on my homeowner policy,
    then have a hazard policy on its own with each house with the same company
    Good Luck

    Lynlinz

  • hueyrescue17th July, 2003

    Lynlinz, it seems, at least here in ND, that most insurers will not insure rental property unless they also insure your primary residence - the rental property insurance (both liability and hazard) appears to be treated as a rider on your homeowners insurance. Of course, insurance varies widely from state to state.

    hueyrescue

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