We’ve noticed that landlord insurance is an underserved corner of the broader insurance market. Many online portals and agents don’t explicitly quote on policies that cover tenant-occupied residential properties. This makes it difficult and time consuming to get competitive quotes. Making matters worse, investors are often required to have insurance in place at closing to meet lender requirements. This tightens up the timeline and leads to situations in which hurried investors end up paying too much in premiums.
How do you line up competitive landlord insurance prior to closing? How do you make sure your premiums are in line with the market going forward? Do you shop it annually?