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How to Buy Landlord Insurance in Buffalo, NY

6/3/2020

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      The problem in our real estate market of Buffalo is there is a difference between market value (or Actual Cash Value) and replacement cost, sometimes a big difference. And in some places like North Buffalo, a 3/3 double is now worth $280,000 - $350,000 but to replace it would cost $530,000 in today's dollars.
      The choice a landlord needs to make is do I carry Replacement cost or Actual Cash Value? Most parts of Buffalo where the values are less (like Lovejoy for example) RC does not make sense. The reason? You have to rebuild at that same location to use the replacement cost coverage. If you do not, then the loss settlement is based on Actual Cash Value anyway. Many real estate investors would prefer to take the insurance proceeds and go buy something else. They do not want to put the damaged property back together.
      Then we have the issue of getting claims covered before an event happens, like with Underground Utility coverage. Where your sewer, water, gas & electric lines are covered up to $10,000 and in an older infra-structure city like Buffalo, this would be important. Our insurance office has 7 such companies that offer this the the landlord community, where some big, national, name-brand insurance companies do not.
        Finally, do you deal with a true expert in the landlord space for insurance? We know the marketplace, know the coverage's and can help the real estate investor's because we insure over 2000 of them. This is what we know and have the insurance companies that WANT your real estate business. Call us 716-684-3203
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8665 Sheridan Dr
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  • Home
  • Quotes
    • Property Quotes >
      • Landlords Insurance Quote
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Renters Insurance Quote
    • Auto Quotes >
      • Auto Insurance Quote
      • ATV Insurance Quote
      • Roadside Assistance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Hair Salons Quote
      • Restaurant Quotes
      • Business Owners Package (BOP) Insurance Quote
      • Workers Compensation Quote
    • Life & Financial Quotes >
      • Life Insurance Quote
      • Umbrella Insurance Quote
    • Other Quotes >
      • Boat Insurance Quote
      • Event Insurance Quote
      • Wedding Insurance Quote
      • Pet Insurance Quote
  • Service
    • Report a Claim
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Policy Review
    • Contact My Carrier
    • Free Consultation
  • Insurance
    • Property >
      • Landlords Insurance
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Renters Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Business >
      • Business Insurance
      • Hair Salon Insurance
      • Restaurant Insurance
      • Business Owners Package (BOP) Insurance
      • Workers Compensation
    • Life/Financial >
      • Life Insurance
      • Umbrella Insurance
    • Other >
      • Boat Insurance
      • Event Insurance
      • Wedding Insurance
      • Pet Insurance
  • About
    • Blog
    • Client Testimonials
    • Refer a Friend
    • Free Reports
    • Staff Directory
    • Insurance Carriers
    • Agency Photo Gallery
    • Accessibility Statement
    • News
  • Videos
    • Landlords Insurance
    • Comprehensive Coverage
    • Independent Insurance Broker VS an Insurance Agent
    • How to Get Good NY Landlord Insurance Policy
    • Homeowner and Liability Risks
    • Homeowners Garage Insurance
    • Property and Landlord Insurance
    • Underground or Service Line Homeowner Coverage
    • Running The Game with Tom Larsen
  • Contact
    • Privacy Policy
  • FAQs