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Bradley

Garage Liability Coverage

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I received a friendly email from our current Insurance provider that says our rate is nearly doubling. Expiring premium $5,443.87

Renewal premium $8,747.81

 

The reason, the agent told me, is that the property value has increased. This policy does include Garage liability and coverage for the building(5k sqft metal building) that we operate in. (Triple Net Lease). I know there are many variables, and frankly I dont understand all the terminology with insurance, but does this premium seem in check? I just received a quote from Nationwide (they were not on my side) for 11k. Can anyone suggest a company for me get a quote from?

Expiring premium $5,443.87

Renewal premium $8,747.81

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