Property insurance for a corporation
I incorporated my rental business last year and just bought my first SFR under the corporate name. For properties that are not in the corporation I pay about $650 for Dwelling insurance. For the property under the corporation's name I paid $1224. My questions are ...
Is this what other investors pay for Dwelling insurance for their SFR under a corporation?
If I had 2 or 3 under the same policy, would the insurance double and triple or is the next property going be only incrementally higher because I covered the initial costs?
The agent switched from a personal lines policy to a Business Owner's Policy. I know the rule of thumb was about $60/month for insurance so to have to budget $100/month on every house seems to be high.
Any information will help me seem smarter when I talk with the insurance agent.
Tom