How to estimate insurance costs
I have a good idea how to estimate how much my home insurance will cost when buying a SFR - $100k usually around $1500/year, but in seeking our 1st apartment complex, are there any recommendations? I.E., $500k 10 unit property, should I estimate the cost to be 5x of the 100k SFR? $7,500/year? I assume it would be higher but don't have any experience yet on the commercial side.
Any help would be appreciated.