Keeping Property Insurance Rates Low – Getting Quotes on Multiple Properties

Insurance quotes on properties can vary widely from one insurance company to another for the same coverage, so I always encourage my investors to get new quotes when their policies are up for renewal and definitely get multiple quotes when getting a new policy for a new purchase.

I have two very different forms that I use to do this. One is used when I want to get new quotes for a group of properties (or all my properties). For that I use the Multiple Property Request For Insurances Quotes sheet (download available for Real Estate Investor Bronze Members).

On that sheet, it allows you to list your properties and the type of coverage you want. You can then fax that sheet over to a handful of insurance agents to get quotes. This can save you hours of time and make sure you can easily get new quotes each time and keep them organized. This is especially helpful if you are buying a group of properties from a burned out landlord or someone that is selling more than one property to you.

If you are just trying to get multiple quotes for one property, you can still use the Insurance Quote Worksheet. That one will allow you to get call and get multiple quotes on one property from various insurance agents.

Feel free to modify these forms to fit your business. I’ve included both the Word and PDF versions for our bronze members.

Until my next post,

James

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