Rental Property InsurancePlease let me know if there is an insurance company in my vicinity that sells insurance on properties that are being rented out. We have inherited a house and are currently renting it out to friends. Many insurance companies that I have contacted say they do not sell insurance on rental properties.
Answer: What a strange situation! I've never heard of this before. After all, it's quite common for people to buy another home or property and then rent it out.
I can only suggest to keep trying! Each insurance company has its own unique underwriting requirements. It's their underwriting requirements that are causing you the problem. Some companies have obviously decided that rental insurance is too high risk.
Have you considered calling your local bank branch? Many banks now have a related insurance business. Since the bank already has a "relationship" with you, you might have a better chance.