insurance

I am looking to insure a small apartment complex 6 units. I have had several quotes from brokers telling me I need a commercial insurance. In reading the terms, it does not meet my needs. Can any other apartment complex owners/managers share experience? What types of insurance and suggest a contact?

Thanks

You need a local, independent agent. When you say, the commercial policy doesn't meet your needs, what EXACTLY does that mean? A six unit apartment building IS a commercial risk. With commercial policies, you can pick and choose which coverages you want.

You have to buy your insurance from someone who's licensed to sell insurance in your state.

But as you might have noticed - habitational isn't exactly something insurance companies are crazy to write. The losses are higher, and the account maintenance is WAY higher, so the premiums are ALSO higher.

If you're comparing the coverage to a HOMEOWNERS policy, that's like comparing a cat to a parachute.

Call around to a few LOCAL, INDEPENDENT agents, and go talk to them.