Help!! Type and cost of 4-plex insurance

[Travis Thornton]

I need help,

My brother is investing in a 4-plex where he will be an owner-occupant. I keep getting different answers as to what type we should get, and how much it will cost. He spoke with a salesman today, and was told that each unit has to be insured individually, and our payment will be $400/month. This can't be right, can it? If so, we're sunk. Help please!

[Matt Devincenzo]

Not sure if the OO status makes a difference but you can try National Real Estate Investors Group Insurance I had an issue with insurance last week and they were cheaper with better liability limits than anyone else I found. http://www.nreinsurance.com/.

Note: I'm just a happy customer no other affiliation.