Class C, Mixed-Use Retail/Residential Insurance
I bought a mixed use property in December that is Class C in very blue collar city in California.
Roughly 5,000 sq ft of Retail and 2,000 sq ft of residential. I have it free and clear right now. Insurance quotes are coming in at 5,000-6,000/year which I think is way too high.
Anyone have any recommendations for insurers that have a good price on this? My insurance is usually 2-3% of revenue. On this it would be 8-9%.