Need Insurance Advice for California Rental Properties

[Ramki D.]

Hi Landlords,

I'm having trouble finding insurance for my California rental properties. Most companies aren't taking new policies. Any tips or recommendations for getting coverage in our state?

Thanks,

RK

[Noah Laker]

Hey Ramki, I'm a real estate broker and investor here in Sacramento (100+ Airbnb properties under mgmt) and it's true, insurance is really difficult right now. I've been using Safeco with success, and for short term rentals I use Proper. I can introduce you to Dayn, the Proper Norcal representative, if you go the STR route. 

Good luck out there brother! 

[Ramki D.]

Noah, I'd like to inquire whether Safeco offers landlord insurance policies. Thank you.

[Scott Scoville]

Quote from @Ramki D.:

Hi Landlords,

I'm having trouble finding insurance for my California rental properties. Most companies aren't taking new policies. Any tips or recommendations for getting coverage in our state?

Thanks,

RK

Hey Ramki, I'll send you my insurance brokers contact info. He insures all of my properties in Sacramento.

[Ranjit Sandhu]

Quote from @Scott Scoville:

Quote from @Ramki D.:

Hi Landlords,

I'm having trouble finding insurance for my California rental properties. Most companies aren't taking new policies. Any tips or recommendations for getting coverage in our state?

Thanks,

RK

Hey Ramki, I'll send you my insurance brokers contact info. He insures all of my properties in Sacramento.

 Have you tried AAA?

[Chad Hale]

I heard recently Safeco was taking on new rental policies.  Better pricing if they also insured your personal home.

[Cameron Moore]

Best advice... Get out of California. LOL I am kidding but insurance carriers are pulling out of CA at alarming rates. Best thing you can do is find an insurance broker that will shop each renewal to ensure you have the best coverage for the best cash flow. 

[Ramki D.]

Quote from @Ranjit Sandhu:

Quote from @Scott Scoville:

Quote from @Ramki D.:

Hi Landlords,

I'm having trouble finding insurance for my California rental properties. Most companies aren't taking new policies. Any tips or recommendations for getting coverage in our state?

Thanks,

RK

Hey Ramki, I'll send you my insurance brokers contact info. He insures all of my properties in Sacramento.

 Have you tried AAA?

yes, i did, so far i am able to get the quote from AAA (of course it's very expensive :) )

[Ramki D.]

Quote from @Scott Scoville:

Quote from @Ramki D.:

Hi Landlords,

I'm having trouble finding insurance for my California rental properties. Most companies aren't taking new policies. Any tips or recommendations for getting coverage in our state?

Thanks,

RK

Hey Ramki, I'll send you my insurance brokers contact info. He insures all of my properties in Sacramento.

Thank you @Scott Scoville. Could you please dm me the contact details?

[Ramki D.]

Quote from @Cameron Moore:

Best advice... Get out of California. LOL I am kidding but insurance carriers are pulling out of CA at alarming rates. Best thing you can do is find an insurance broker that will shop each renewal to ensure you have the best coverage for the best cash flow. 

Thank you @Cameron Moore. i am checking will local insurance agents. hopefully i will get reasonable quote from someone :)

[Elizabeth Rose]

Quote from @Scott Scoville:

Quote from @Ramki D.:

Hi Landlords,

I'm having trouble finding insurance for my California rental properties. Most companies aren't taking new policies. Any tips or recommendations for getting coverage in our state?

Thanks,

RK

Hey Ramki, I'll send you my insurance brokers contact info. He insures all of my properties in Sacramento.

 @Scott Scoville I'd also love the contact info for your insurance broker, thanks!