Reasonable Commercial Property Insurance?

Any suggestions for brokers/companies? Thanks!
In General Area - Asked by Lauri M. - Feb 6, 2013
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Answer(s)

Anna R.
Owner/Investor
Chicago, IL

Which state you are in?

Feb 7, 2013
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Jeff R.
West Jordan, UT

I know many have had a really great experience with Kirk Chester at InsurePro. 877-467-7762 Tell him Jeff Reynolds sent you, he is a good friend of mine and will take excellent care of your needs as well as those of your clients.

Feb 7, 2013
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Raymond L.
Broker/Agent
Tulsa, OK

A lot of this depends on the current condition of the building and it's fire suppression and safety features as well as roof conditions. We are seeing insurance rates increase as cost to replace these items increases (inflationary factors). Say on apartment buildings insurance costs used to be around $225/unit/year which now we've seen about a 10% bump in the cost over a 24 month period to around $250/unit/year.
Retail, industrial and office again vary widely, but have gone up over the past 24 months. Best to get a good insurance broker, check it annually for pricing as being complacent on your insurance costs is one of the most common mistakes of a property owner and can cost you dearly.

Feb 12, 2013
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Loren A.
Broker/Agent
Denver, CO

For multifamily commercial properties I found CORE Insurance Group, National Condo and Apartment Insurance Group, Website - http://NCAIG.com to provide the most competitive coverage.

Feb 13, 2013
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Marion V.
Broker/Agent
Chicago, IL

All commercial properties should have building insurance if building exist. But all commercial property should have liability insurance even if you have a 10' fence around the property.

Feb 13, 2013
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