insurance for beat-up rentals

[Alex Gurevich]

Good afternoon fellow investors!

Anyone has an insurance provider for beat-up rentals? I have taken over a house that is in a pretty bad shape and the owner will be leasing it from me for a while.

I don't have any interest in fixing it up until after the former owner moves out (could be a long while).  I know that my State Farm agent doesn't want to insure this type of properties for me. 

Any suggestion where to turn for insurance?

Thank you.

Alex Gurevich
Call/Text: 512-773-5673
Email: equity...@yahoo.com

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> We buy payments on Notes and Leases

(can buy  partial payments too)

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[Cyndy Trueblood]

Alex,

Did anyone have any insurance suggestions?  My rental in south San Antonio is in pretty good shape, IMO, but I just got cancelled by Farmers for ridiculous reasons (foam insulation showing under a sink was one of 2 issues) and no recourse to make repairs and reinstate.  

I freaking HATE insurance right now.  

Cyndy Trueblood

512.296.8185

Managing Partner/Realtor

Trust Investment Groups

cy...@trustinvestmentgroups.com

 

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From: 'Alex Gurevich' via InvestorUndergroundAustin <investorunde...@googlegroups.com>
Sent: Monday, February 24, 2025 2:41 PM
To: InvestorUndergroundAustin <investorunde...@googlegroups.com>
Subject: [InvestorUnderground] insurance for beat-up rentals

 

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[Alex Gurevich]

Cyndy,

Yes, there has been some. I called a few agents. Some don't have such programs. I'm waiting to hear from 2 others that are looking for a carrier who might do it. I'll provide an update when I get something workable.

But based on your description though you have a good property, and you might just need to change the insurer.

Alex Gurevich
Call/Text: 512-773-5673
Email: equity...@yahoo.com

Our Alternative Funding Services

For Austin Area Homeowners:
> Funds for investors
> Funds for HOA payments
> Funds for mortgage payments
> Funds for property taxes
> Funds to pay off credit cards & other debt
> Funds to pay off liens & judgements
> We buy payments on Notes and Leases

(can buy  partial payments too)

> ...And we also buy houses, 2-4 units & vacant lots