Insurance cost for single family home
Was trying to gather what people pay in insurance on single family rentals. I’m in western PA to give and idea of course this will vary by location.
Just got a quote for a single family I'm looking to buy, getting a commercial loan will deed it in my LLC.
Purchase price $50k.
Dwelling coverage $200k, deductible 1% 2k.
About $50 per month premium.
What kind of figures do you ask for in terms of dwelling coverage compared to purchase price? Any way you budget for your insurance before getting an official quote?
Many thanks.