Insurance Skyrocketing
My landlord’s policy through Allstate for a 2 family has shot up 18% this renewal for no apparent reason. Can anyone recommend an agent or company for a reasonable landlord policy.
My landlord’s policy through Allstate for a 2 family has shot up 18% this renewal for no apparent reason. Can anyone recommend an agent or company for a reasonable landlord policy.
Maybe Sylvia’s no longer there…speak to anyone who picks up the phone. It is Rodney Shannon’s brokerage co.
That Fulton Street one is my current insurance company. I went with them after Allstate dumped me. Rodney Shannon is the broker. I think I dealt with an Ellen?? They’re good.
Dave,
The only Fulton St. office I could find was:
1950 Fulton Street, Brooklyn, NY‎ – (718) 221-2900‎ and no Sylvia there. Any further info. Thanks again.
Thanks, Dave. Will call and let you know. At the risk of sounding dopey, I had to search for my original post as it did not come up on the usual page display. Am I doing something wrong? Thanks again.
Also calling William Smoltino as per above.
Try State Farm…call Sylvia at the Fulton Street office.
Tell her Dave recommended you
This happens. Sometimes carriers are looking to pull out of a certain area, so instead of non-renewing you, they make the premiums high enough that you will most likely go elsewhere. Other times, they realize that they priced the original premium too low, so they re-set the rates. If you’d like, I am an independent broker with access to 20+ companies. I can shop the property to see if you can get better pricing with another company.
-William Smoltino
Narrows Insurance Agency, Inc.
(718) 745-1500
Ours went up, too. Something in the 20-25% range. Fireman’s Fund. Broker said there was some kind of regulatory change allowing for a fee bump. It could be everyone is getting this kind of increase this year. Can anyone confirm?
mine did the same thing but more than 100%. please let me know who you find. thanks.