Updated about 8 years ago on . Most recent reply
Estimate Insurance Costs
I am having a difficult time analyzing multi-unit properties primarily because of the insurance numbers. I have contacted several different companies/brokers in the area and they have all said about the same thing. They can only give estimates when knowing the exact address and that it should be one I am serious about.
An actual answer I received based on my criteria in a certain area: it can run anywhere from $750-$3500. And that is just an average. Once a specific house is settled on then we can get you closer numbers.
This can obviously drastically effect my numbers. Has anyone else had this dilemma? I appreciate any suggestions on how I can find a more accurate representation of insurance costs. I am looking for properties in the suburbs west of Chicago.
Thank you all in advance for your knowledge and advice!
Holly Hudson