Coventry, RI · Member since 2019 · 17 posts · 0 votes
I'm in closing with a duplex that will be owner occupied. Was expecting the insurance premium to be much lower (mortgage broker was estimating $1.2k in paperwork). Just received some quotes and the yearly premium is just over $3k. Clearly this is higher than I expected and would really cut into my profits on renting this property. Is there anything I should consider that could make this lower?
Rental Property Investor · Dayton, OH · Member since 2017 · 246 posts · 225 votes
7y
Hey @Warren West, I’d highly recommend reaching out to a local independent insurance agent. They will be able to quote the property with several different companies and get the best coverage for the best price.