Updated over 4 years ago on . Most recent reply
Insurance for multifamily units
Hello!
Complete and utter newbie here! I've never bought a property and want to house hack in the Washington DC/Baltimore area. How can I accurately calculate insurance rates on multifamily property??? Is there a rough formula for this??? Thanks!
Most Popular Reply
@Monica Cabrera I would highly recommend speaking to an insurance broker. There are some really big differences in costs between various carriers and what they will/will not cover. Additionally, you will want to check in on our insurance overtime if you decide to add additional rentals as different carriers will have varying limits on the number of rental units they are willing to insure.
Best of luck,
John