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This is extremely complicated. In addition to having the licensing and experience to do so, you have to have a lot - I mean a LOT of cash to set aside to pay claims, equipment, rent, plus accounting, claims and underwriting professionals - and that's just the beginning.

Once you decide where you'd like your company to be domiciled, contact that state's department of insurance for detailed instructions and information.

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Q: What does it take to start your own property insurance company?
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